China’s Reform Anxiety

China’s leaders seem to understand what is wrong with their country's economy. But, despite well-intentioned statements and narrow gestures, they have yet to establish a concrete, bold reform strategy capable of resolving the economy’s deep-rooted structural problems.

BEIJING – Since 2010, global financial circles have been obsessing about China’s slowing economy. But, while the country barely met the official target of 7.5% annual GDP growth in the second quarter of this year – generating significant anxiety worldwide – China’s government seemingly remains calm, showing no indication that it plans to launch yet another stimulus package. Do China’s leaders really have the situation under control?

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