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From Angus Grigg at the AFR today:
It was the moment China announced it was giving up on reform.
Premier Li Keqiang, standing in Beijing’s Great Hall of the People, said the priority was economic growth – not the difficult structural reforms the Communist Party had been discussing for the previous two years.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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