The Mayor Economy: China’s Mayor Economy
Nathan Sperber, 7 March 2024
During the Covid lockdowns of 2020, an influx of central bank injections into Western capital markets sent stock indices soaring. A few listed companies became social media favourites, leading to frenzied buying on the part of mostly young, mostly male amateur investors, stuck at home trading equities on mobile apps such as Robinhood. These hyped-up stocks – ranging from GameStop to...