More Signs of Beijing’s Failures, Now Almost a Joke

Apple prepares to say goodbye to China, while Beijing’s effort to revive consumer spending looks entirely ineffective and takes on an almost comic quality.

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing on Dec. 13, 2021. Andrea Verdelli/Bloomberg via Getty Images

Commentary

Two news items from Asia illustrate at once China’s economic problems and Beijing’s ineptitude in dealing with them.