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The Economics of China’s New Era

With the age of Western global dominance coming to an end, it is China’s time to shine. The potential is certainly there, but to realize it, President Xi Jinping will have to confront serious challenges, from domestic supply-side reforms to expanding international responsibilities.

BEIJING – In his opening speech at October’s 19th National Congress of the Communist Party of China, President Xi Jinping argued that China had “crossed the threshold into a new era.” He then pledged to build a “great modern socialist country” that is prosperous, strong, democratic, culturally advanced, harmonious, and beautiful by mid-century, led by an empowered CPC, but open to the world.

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