Is China Back?
Over the past two months, China’s leadership has announced major policy reversals that have left global investors and other observers bullish about its economic future. But correcting past errors is no substitute for the reforms that are needed to deliver robust long-term growth.
WASHINGTON, DC – When President Joe Biden took office in 2021, his first message to the rest of the world was: “America is back.” Having assumed his third term as general secretary of the Communist Party of China (CPC) in October, President Xi Jinping appears to be issuing a similar proclamation.