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The loss of access to foreign technology has “become a heavy burden on the Chinese economy,” the Centre for Economic Research says. It predicts China’s economic growth will decline to about 2 per cent in the 2030s, a remarkable reversion to the mean for one of the most dynamic economies in history. China, in terms of its macro-investment prospects, would become like Australia. (David Walton, an Asia specialist at the University of Western Sydney, described the think tank as “credible”.) End of zero COVID Although such long-term forecasts don’t usually show up in the weekly gyrations of financial markets, institutional...
