Unless China enacts true reform and rejects entrenched interests, its economy will suffer.
Despite calmer markets and some positive indicators in its real estate and manufacturing sectors, China so far has failed to address major issues, such as its falling currency, volatile stock market and weaker-than-expected economic growth. Without effective measures, it is doubtful the country will reach its targeted 6.5% growth rate for 2016. This expert analysis by journalist Nick Fielding sizes up the economic as well as the political constraints facing China today. getAbstract recommends his concise article to investors and executives interested in China’s economic progress and its impact on the rest of the world.
In this summary, you will learn
- How China is addressing slower growth, the decline in its currency and other economic issues
- Why reform measures have so far fallen short
- Why China’s officials must become more open to frank discussion and change
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