, Columnist
Don’t Let China’s Mini-Boom Fool You
Recent numbers are encouraging, but don’t mistake this season for a new era of resurgence.
Hold on tight.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China's economy has come up for air, just a little.
A bit of pep in recent Chinese numbers is encouraging. At least as important as the short-term bounce, though, is the long-term trajectory. The Middle Kingdom may lose its exceptionalism and start looking more like the U.S. and Europe in ways that seemed barely conceivable during the 1990s and the first decade of this century, when China mania was in full bloom.