China's economic strategy is characterized by a persistent 'economics of denial,' prioritizing massive state-directed investment in advanced technology over addressing weak domestic consumption. This approach is rooted in a flawed belief that controlling physical capital will automatically generate productivity and wage growth, ignoring the structural imbalance where domestic demand consistently falls short of supply. This overinvestment and underconsumption model is unsustainable. Consequently, Beijing's policies will continue to generate global deflationary pressures and escalating trade friction, necessitating a fundamental pivot toward consumption-led growth for long-term stability.
Implementation and early impacts of the Housing Support Grant in England
English Summary
The RAND evaluation found that the Housing Support Grant (HSG) successfully addressed housing insecurity for individuals with substance use issues by implementing an intensive, person-centered, and holistic approach. Key evidence shows that the grant filled critical gaps in local service provision, with stakeholders praising its adaptability and flexibility to meet diverse local and individual needs. The report concludes that such locally tailored, flexible funding models are effective strategies for improving public health outcomes in addiction and recovery services. Policymakers should consider adopting similar mechanisms to stabilize housing and improve access to treatment.
中文摘要
蘭德（RAND）的評估報告指出，住房支持撥款（HSG）透過實施一套密集、以人為本且全方位的模式，成功解決了有藥物濫用問題的個體所面臨的住房不安全問題。關鍵證據顯示，該撥款填補了地方服務提供的關鍵缺口，相關利益關係人讚揚其適應性和靈活性，使其能夠滿足多元的在地及個人需求。報告總結道，這類在地化、彈性的資金模式，是改善成癮及復健服務公共衛生成果的有效策略。政策制定者應考慮採納類似機制，以穩定住房並改善治療的取得性。
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