(original source The Paulson Institute / Foreign Affairs)
“After thirty-five years of unprecedented growth, China’s prevailing growth model is running out of steam. Predicated on investment in fixed assets, such as infrastructure, and, to a lesser extent, reliance on exports, the economy is delivering diminishing returns to the Chinese people. For this reason, establishing a new, and more sustainable, growth model is perhaps the most intense challenge now facing the eighteen month-old administration of President Xi Jinping.
In the following series of three essays, originally published in Foreign Affairs magazine over a one-year period, we dissect China’s reform ambitions from several angles.”
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