A path forward for the Chinese economy

A Chinese farmer drives a buffalo to plow his field on the outskirts of Huaian, Jiangsu province
Reform of land ownership laws in China would help alleviate urban-rural inequality by allowing farmers to benefit from rising land values (source: dpa)
  • China’s slower growth has shocked and worried many
  • The country’s political institutions still have far to go to foster market practices
  • Many think this could lead to a collapse of its political system, or prolonged economic stagnation
  • But China has made much institutional progress already, and will now benefit from more incremental reform
After almost four decades of rapid growth and structural transformation, the Chinese economy has entered what the government calls the “new normal.” Last year, China’s gross domestic product (GDP) grew at a rate of 6.9 percent, its lowest in decades. While this figure is still high compared with most other countries, it represents a drastic slowdown that reveals deep weaknesses in the world’s second largest economy

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment