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China’s Challenges

37 commentaries

The Chinese authorities' grand policy pronouncements of recent months have given rise to serious concerns about President Xi Jinping's ability to overcome the powerful vested interests that are impeding economic rebalancing and long-term growth. Can China sustain its rapid economic and political rise, or will domestic malaise undermine its regional and global ambitions?

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  1. The Perils of Financial Freedom
    ChinaBankofChina_Liu Tao_Flickr Liu Tao/Flickr

    The Perils of Financial Freedom

    May 9, 2014 Adair Turner warns that full liberalization of China's bank sector could lead to another global crisis.

  2. Russia and the Silk Road Approach
    PutinXiG20meeting_Host Photo Agency_g20russia.ru Host Photo Agency/g20russia.ru

    Russia and the Silk Road Approach

    May 6, 2014 Ana Palacio emphasizes the economic and security benefits of China's latest initiative.

  3. China is Still Number Two
    ObamaXiOvalOffice_White House Photo_Pete Souza White House Photo/Pete Souza

    China is Still Number Two

    May 5, 2014 Jeffrey Frankel pours cold water on the claim that the US economy has been surpassed.

  4. Global Ground Zero in Asia

    Global Ground Zero in Asia

    Apr 30, 2014 Nouriel Roubini says that if the global order blows up, the detonation will occur in Asia.

  5. Reimagining China’s Urban Future

    Reimagining China’s Urban Future

    Apr 30, 2014 Bert Hofman highlights the institutional reforms needed to keep migration on track and inequality in check.

  6. Asia’s Giants Under New Management

    Asia’s Giants Under New Management

    Apr 21, 2014 Kishore Mahbubani assesses the enormous global impact implied by leadership shifts in India, Indonesia, and China.

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    Africa Is the Future of Multilateralism

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    A Chinese Bubble Long in the Making

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    The Chinese government is very good at covering up small problems, but these often pile up into much bigger ones that can no longer be ignored. The current real-estate bubble is a case in point, casting serious doubts not just on the wisdom of past policies but also on China's long-term economic future.

     traces the long roots of the country's mounting economic and financial problems.
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    Industrial Policy Is Back

    From semiconductors to electric vehicles, governments are identifying the strategic industries of the future and intervening to support them – abandoning decades of neoliberal orthodoxy in the process. Are industrial policies the key to tackling twenty-first-century economic challenges or a recipe for market distortions and lower efficiency?

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    Laying Chicago Economics to Rest

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     looks back on 50 years of neoclassical economic orthodoxy and the damage it has wrought.
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    America’s Broken Civic Bargain

    J. Bradford DeLong worries that Republicans have abandoned one of the core principles that sustains a democracy over time.

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