Over the past three decades, China's economy has grown massively and consistently, because its policymakers have proven capable of managing a wide variety of global and domestic challenges. But the government is increasingly becoming the source of headwinds, and the country's outlook is growing cloudier.
LONDON – China has puzzled me for quite some time now, not least because some of its biggest current challenges appear to be self-induced. I have been fascinated with the Chinese economy since I first visited the country in 1990. It was soon after the Tiananmen Square massacre, and I was there only briefly; but I remember seeing thousands of people on bikes in Beijing, despite it being wintertime.
LONDON – China has puzzled me for quite some time now, not least because some of its biggest current challenges appear to be self-induced. I have been fascinated with the Chinese economy since I first visited the country in 1990. It was soon after the Tiananmen Square massacre, and I was there only briefly; but I remember seeing thousands of people on bikes in Beijing, despite it being wintertime.