Stephen Roach: Battered from all sides, China needs new solutions
Mindful of the inspiration deficit that ultimately brought the East Asian growth miracle crashing down, Chinese policymakers must seize the moment.
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Mindful of the inspiration deficit that ultimately brought the East Asian growth miracle crashing down, Chinese policymakers must seize the moment.
Stephen Roach explains why the Chinese authorities should switch to a consumption- and productivity-led growth model
After a month-long pause to in-dining services in Beijing's eateries, nightlife in China's capital city is now getting its mojo back. Doorways were jam-packed with youngsters in long queues waiting to be served upon reopening at midnight on Sunday, with customers eager to indulge in many of the city's delicacies including fresh crawfish with cumin skewers and the cheerful clinking of beer glasses.