Home Capital China Focus

Secret escape through Chen Cang

Daryl Guppy
Daryl Guppy5/19/2022 11:06 PM GMT+08  • 5 min read
Secret escape through Chen Cang
Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

In 2008, China pulled itself, and the world, out of the hole created by the collapse of US markets. China embarked on a massive infrastructure build, saving Australia in particular from the worst of the global financial crisis.

There is an expectation that China will do the same again, and save the world from the economic impact of Covid. President Xi Jinping’s recent observation that “infrastructure serves as a pillar for economic and social development” confirms the belief. They eagerly anticipate another infrastructure building programme similar to that of 2008.

That is an unwise assumption because this is more akin to the eighth of the 36 Strategies (a range of tactics that can be deployed in different situations) — secret escape through Chen Cang.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now