But while the actions of Xi Jinping, China’s president, have indeed been erratic, I’m in the camp of economists such as Michael Pettis of the Carnegie Endowment who see the country’s problems as more systemic.

The basic point is that China, in various ways, suppresses private consumption, leaving the country with huge savings that need to be invested somehow.

Why is China’s economy stumbling? comes via ChinaTechNews.com.