Day 1,687: fiasco, vacillate, sentiment, contend, deal a blow

The emergence from zero-covid was a fiasco. The government has vacillated over a property crisis that has sapped savings and sentiment and dragged the economy into deflation, with prices falling in the year to January at their fastest rate since the financial crisis of 2007-09.

They must contend not only with poor policymaking, but also the risk that its worsening relationship with America could jeopardise their investments.

All this will deal a blow to China’s growth.

Has Xi Jinping lost control of the markets?

Artwork of the day 
Study for Sentimental Colloquy
Salvador Dali
Date: 1944
Style: Surrealism
Period: Classic Period (1941-1989)
Genre: sketch and study
Location: Salvador Dali Museum, St. Petersburg, FL, US

Word of the day 
fiasco: something planned that goes wrong and is a complete failure, usually in an embarrassing way:
vacillate: to be uncertain what to do, or to change often between two opinions:
sentiment: a thought, opinion, or idea based on a feeling about a situation, or a way of thinking about something:
contend: to compete in order to win something:
deal a blow: to cause someone or something, usually a plan or hope, to fail or to be affected very badly:

Quote of the day
“kar.a.bek.i.an (n.); (from Rabo Karabekian, U.S. 20th Cent. painter). Fiasco in which a person causes total destruction of own work and reputation through stupidity, carelessness or both.”
― Kurt Vonnegut, Bluebeard