Analysis-Winter economy emerges as poster child for China’s stimulus tilt to services
In the mountains north of Beijing, Luo Li’s ski resort is a rare post-pandemic success story. It’s also becoming a model for a significant, albeit risky, shift in Chinese economic policy. When Luo first opened the Wanlong complex in Chongli about twenty years ago, he had more staff than customers. The area’s fortunes changed dramatically […]