Friday, October 23, 2020

China Illustrates the K-Shaped Economy

A few days ago, I posted the article on the K-Shaped economy. The article below is a good example to illustrate how China's super rich has gotten richer during the pandemic. China is moving away from the manufacturing and real estate into the new economy. The silver lining during pandemic.

https://www.astroawani.com/berita-bisnes/chinas-super-rich-got-15-trillion-richer-during-pandemic-report-264520

Here is another article from the Bloomberg BusinessWeek that says China economy is leaving the bottom 60% behind. 

https://www.bloomberg.com/news/articles/2020-09-28/coronavirus-pandemic-china-is-experiencing-a-k-shaped-economic-recovery



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Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.

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