However, high debt levels, overinvestment,
an unresolved property bubble, underwhelming domestic consumption and
international trade pressures are all contributing to the structural
weaknesses in China’s economy that mere stimulus packages cannot
resolve. In a previous report (China’s Past, Present and Future, 2023)
we examined China’s economic transformation from a rural past to an
industrialized powerhouse. This paper delves into how Beijing is
addressing the challenges it faces. Without bold reforms, China’s
economic future hangs in the balance.
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