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China in the 2020s: a more difficult decade?

First published: LSE IDEAS Strategic Update September 2019

The occupants of Zhongnanhai–the central headquarters of the Communist Party and the State Council in Beijing–might have wished for a better ‘Year of the Pig’. The trade war with the United States through 2019 has escalated into an existential struggle defined on both sides by words such as ‘containment’ and ‘decoupling’. And even though China’s economy has stabilised after a sharp slowdown in the 2018/19 winter thanks to new stimulus measures, it is still fragile and faces important structural challenges in the next few years
that could have pronounced political implications. Read on ….