Xi's Economic Challenges
President Xi Jinping’s ambition to restore China to a central role on the world stage rests primarily on the continuing dynamism of China’s economy. But with debts of local governments and state-owned enterprises mounting, are his policies too timid to keep China’s economic juggernaut plowing ahead?
- Michael Spence thinks that China’s leaders will need to balance a muscular Communist Party, setting standards and protecting the public interest, with an empowered market, driving the economy into the future.
- Stephen S. Roach says there is good reason to believe that China's economy is only in the early stages of its long-heralded structural transformation.
- Jim O’Neill argues that what really matters is whether consumer-led growth continues, and whether the Belt and Road initiative remains on track.
- Adair Turner believes that more and more countries will come to view China's model as a template for their own development.