China's 3 big mistakes in 2020: Ant IPO, K-shaped rebound & mishandling defaults

China's 3 big mistakes in 2020: Ant IPO, K-shaped rebound & mishandling defaults

Photographer: Qilai Shen/Bloomberg

Even if you resent China for being the epicenter of Covid-19, you’ve got to admire Beijing’s leadership skills. Less than a year after the pandemic erupted, life is back to normal, while Europe and the U.S. are still struggling. The country is now the world’s shining economic outlier.

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