China's Great Economic Rebalancing, Part 1: The Problems

Sep 11, 2023 | 21:10 GMT

Boats travel on the Huangpu River against the skyline of Shanghai, China, on Aug. 28, 2020.

(Photo by Kevin Frayer/Getty Images)

China's economic rise over the past four decades has been nothing short of remarkable. With economic growth averaging nearly 10% annually since 1980, Chinese policymakers have proved adaptable and effective, in part due to China's state-capitalist economic system. This system offers a closed capital account, extensive state ownership and a prominent -- even dominant -- government position in the economy. As a result, policymakers can intervene forcefully and quickly to safeguard financial stability and maintain high economic growth....

Keep Reading

Register to read three free articles

Proceed to sign up

Register Now

Already have an account?

Sign In