The struggle to reform China’s Economy
Mr Xi and the Chinese leaders promised a ‘great rejuvenation’ but as the effects of the Trade War kick in it’s time to consider de-regulation and less state control rather than further tightening the grip.
Economic growth may fall below 6%, and if China plans to grow beyond its 13% share of world exports then welcoming foreign business and opening up trading relationships would present a positive venture.
Regardless of the US sanctions, China has an opportunity to outline a new path before the 1st March negotiation deadlines. The Economist offers some thoughts on the way forward…