One of the most extraordinary things about the world’s number two economy is that when it faces a crisis, the leadership carries on in public as if nothing has happened.
Decisions which affect the fate not just of 1.4 billion people in China but as we now know, the rest of the world as well, are made in secret by a handful of men.
This week, China’s top political leaders have made no mention of the crisis, flagship mainstream media avoided touching on it, and government censors constrained discussion on social media within firm boundaries.
Does this matter? It is certainly different from any other major economy where the causes of such a crisis and competing solutions would have been thrashed out day in day out for the past two months.