What can we expect from China in 2022?

Photo by Hanny Naibaho on Unsplash

Working as a long-range weather forecaster in the US army, economist and Nobel laureate Kenneth Arrow once asked his superiors to be relieved of duty. His forecasts were no better than guesswork, he argued.

His request was refused outright: “The commanding general is well aware that the forecasts are no good. However, he needs them for planning purposes.”