{"text":". Or as it tried to stamp out a financial crisis in the property sector this year by triggering a different kind of crisis, as housing demand and construction collapsed. Second, China’s problem is usually not too little state capacity, but too much. Beijing shows that it’s utterly possible to fail when it succeeds, for example by bringing too much state capacity to bear on solutions like zero-Covid or a one-child policy.","title":"2022 Letter","author":"Dan Wang","url":null,"source_url":"https://read.readwise.io/read/01gv66qpxy5t57va32d6r9x9yv","source_type":"article","category":null,"location_type":"offset","location":32807,"note":"或者像今年试图通过引发不同类型的危机（住房需求和建筑业崩溃）来解决房地产部门的金融危机时所做出的尝试。其次，中国问题通常不是国家能力太少，而是太多了。北京表明，在解决新冠清零或单孩政策等问题时，过度运用国家能力可能导致失败","highlighted_at":"2023-03-13T05:55:30.996361Z","highlight_url":"https://read.readwise.io/read/01gvcrjxjjjwb1m2e62d2gk8fw","image_url":"https://danwang.co/wp-content/uploads/2023/03/Xishuangbanna-700x549.png","id":490635220,"api_source":null}