The Economist (10 September, 2015) Special Report "Business in China" paints a positive picture of China's economic dynamism, driven by private sector innovation and consumption.
After the world has been shaken if not stirred by China's recent stock market roller-coaster convulsions and apparently hapless government interventions, the following compendium of articles from the Special Report may offer a more balanced perspective -
Leader - The China that works
Entrepreneurship and Technology
Foreign investment - The new Silk Road
The good, the bad and the ugly
In any case, a crash in China's immature stock market is not an indication of China's growth collapse.What is far more important is the ongoing momentum towards reform of bloated state-owned enterprises and the flexibility of the labor market (e.g. the implementation of the hukou (household registration) reform. An article on the China Policy Institute blog dated 7 September by the Chief Economist of the Asian Development Bank explains why.
(P.S. Read Feeding the Dragon : How will Beijing stimulate its slowing economy?, a critical analysis dated September 2015 by Wikistrat, a cloud-sourced global strategic consultancy.)
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