China’s Economic Identity Crisis
This year's China Development Forum highlighted the authorities' new emphasis on supply-side reforms. The problem is that this approach could overwhelm the shift to a consumer-led growth model that the country desperately needs.
https://prosyn.org/3z08QPX
BEIJING – Unlike the West, where former US President George H.W. Bush once mockingly referred to “the vision thing,” China takes economic strategy very seriously. That much was clear at the recent China Development Forum (CDF) in Beijing, an important gathering held each year since 2000, immediately after the conclusion of the annual National People’s Congress.