China’s Planning Addiction
China’s leaders are at a crossroads. They must decide whether to continue trying to control the economy, as they did after the summer's stock-market crash, or to follow through on their promise to build a genuinely market-oriented system.
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TOKYO – In early September, I visited China for the first time in nearly ten years. With so much time having passed since my last visit, it was easy to see where China has prospered – and where it continues to struggle.