First published: Foreign Affairs, 29-05-2024
By now, the systemic problems that bedevil China’s economy are obvious. The country is suffering from slowing economic growth, stagnating productivity, a malfunctioning property sector, the misallocation and inefficient use of capital, debt-capacity constraints, and weak household income and consumer demand. But it is less clear how Beijing should fix these problems. Many economists outside China, as well as some inside the country, believe that it must recalibrate its development model ….. Read on….https://www.foreignaffairs.com/china/chinas-quixotic-quest-innovate
