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Muzzling critics, mishandling defaults: The big mistakes China made in 2020

Many good things can be said about China. Wearing a mask isn't a political debate. Bureaucrats take virus testing so seriously that some measures go overboard

Chinese Army, Jinping
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A banner depicting Chinese President Xi Jinping near the Forbidden City in Beijing, on May 21. Bloomberg

Shuli Ren | Bloomberg
Even if you resent China for being the epicenter of Covid-19, you’ve got to admire Beijing’s leadership skills. Less than a year after the pandemic erupted, life is back to normal, while Europe and the U.S. are still struggling. The country is now the world’s shining economic outlier.

Many good things can be said about China. Wearing a mask isn’t a political debate. Bureaucrats take virus testing so seriously that some measures go overboard. The central bank resisted the temptation to take the cheap, zero-rate shortcut to boost the economy, and is opening financial markets. No wonder yield-hungry foreigners are

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First Published: Dec 30 2020 | 10:51 AM IST

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