China is in a rut, with slower growth and an increasingly restive public questioning the promise of the "Chinese Dream" of steadily rising prosperity and national greatness. It won't fix its problems with minor tweaks, and part of what's called for is cleaning up its image as a regional bully.
DENVER – These are difficult times for China. After decades of double-digit GDP growth, today’s slowdown points to an economic system in trouble. Once hailed as a model of development, the Chinese economy now appears sclerotic and cumbersome. The Chinese public is growing restive and increasingly questioning the system’s ability to deliver on official promises that the country’s economic “miracle” will continue. Many Chinese fear that the “Chinese Dream” may be just that: a dream.
DENVER – These are difficult times for China. After decades of double-digit GDP growth, today’s slowdown points to an economic system in trouble. Once hailed as a model of development, the Chinese economy now appears sclerotic and cumbersome. The Chinese public is growing restive and increasingly questioning the system’s ability to deliver on official promises that the country’s economic “miracle” will continue. Many Chinese fear that the “Chinese Dream” may be just that: a dream.