Sunday 24 June 2018
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economist
4 months ago

Lessons from China’s rust belt

MAO ZEDONG called China’s three north-eastern provinces—Heilongjiang, Jilin and Liaoning—the country’s “eldest son”. In the Chinese tradition the family’s future rests on that child’s shoulders. But this one is failing in his duties. Debate rages over what has gone wrong and what to do. Many experts conclude that the regional economy needs to be run a different way. Their analysis has lessons for the national economy, too.Mao made the north-east the centre of heavy industry. It still contains many of China’

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