WORSE THAN THEY’RE LETTING ON, WHICH MEANS PRETTY BAD IN LIGHT OF THIS: How Bad Are China’s Economic Woes? “On Friday, China said it wouldn’t be setting a target for economic growth for this year. That’s unprecedented – the Chinese government hasn’t done this since it began publishing such goals in 1990.”

But there are some positive economic signs: “And the pollution-free Chinese skies that we saw in the aftermath of the lockdowns there – well, they’ve disappeared as economic activity has picked up. China’s air pollution levels recently surpassed concentrations over the same period last year for the first time since the coronavirus crisis began, driven by industrial emissions.”

Like my grandfather said, smog means jobs and jobs mean smog.