Stay updated with breaking news from William Hurst. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
BEIJING--Chinese President Xi Jinping’s first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020.
Some fear Japan-style stagnation, others see a more severe crunch
China News: NEW DELHI: China's much-touted economic boom, epitomized by President Xi Jinping's ambitious reform plans from a decade ago, now appears to be more of.
Chinese President Xi Jinping's first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was meant to fix an obsolete growth model better suited to less developed countries - however, most of those reforms have gone nowhere leaving the economy largely reliant on older policies that have only added to China's massive debt pile and industrial overcapacity. The failure to restructure the world's second-largest economy has raised critical questions abou...
Scholars lament loss of ‘critical’ resource in Nordics at a time when knowledge of Asia is ‘increasingly important’