The Year of the Trojan Fire Horse: Analyzing China's Imbalanced Economy and Persistent Mercantilism

JPMorgan's Eye on the Market published an analysis endorsing Stephen Roach's view that China's economy suffers from unsustainable imbalances. The analysis also notes that China has demonstrated bold action, indigenous innovation, and rapid progress in the energy transition—traits fitting the anthropomorphic characteristics of the Fire Horse zodiac sign.