China’s Economy Is Rotting from the Head
With Xi Jinping securing an iron grip on China’s ruling party and political economy, longstanding debates about the sustainability of the country’s astonishing growth have returned to the fore. Mounting evidence of stagnation suggests that, after coming so far, China’s authoritarian model may not be so exceptional after all.
BOSTON – China highlights a long-debated question about economic development: Can a top-down autocracy outperform liberal market economies in terms of innovation and growth?