A Letter from London
The dark side of the China Story
![The dark side of the China Story](https://d25ecq9zgd9hts.cloudfront.net/img/2021/10/port.jpg)
From his perch in The City, a leading strategic analyst who prefers the pen name Samuel Pepys, looks at what’s shifting at the intersection of business, markets, economy and society. In this letter: a global supply crunch; an imploding credit-driven economic model; a new economic playbook