Why China needs some economists
Here are ten things that have been proposed to the CCP in order to stimulate China's economy. While restoring traditional characters might help to drive spending on education, I think it is more likely that it will simply result in an even larger population of illiterate Chinese.
My favorite is definitely number 10: "'The Spirit of Lei Feng' Applied for UNESCO Non-material Cultural Heritage." Lei Feng is remembered as the (probably fictional) communist comrade who refused to buy himself a new pair of socks when he needed them, and instead gave away all of his money. He even refused to take a new pair of socks as a gift from someone he had helped. I hardly see how that will stimulate demand.
I suppose it is comforting to know that the US is not the only place where people have ridiculous ideas about the economy.
My favorite is definitely number 10: "'The Spirit of Lei Feng' Applied for UNESCO Non-material Cultural Heritage." Lei Feng is remembered as the (probably fictional) communist comrade who refused to buy himself a new pair of socks when he needed them, and instead gave away all of his money. He even refused to take a new pair of socks as a gift from someone he had helped. I hardly see how that will stimulate demand.
I suppose it is comforting to know that the US is not the only place where people have ridiculous ideas about the economy.