China needs to shift business and popular imagination away from get-rich-quick schemes, towards a demand for quality, originality and long-term reputation. Illustration: Craig Stephens

China needs a new growth model to wean itself off property market highs

Andy Xie says the government must develop demand-side support for the economy when the housing bubble is deflating, and nurture a growth cycle powered by productivity. This means a shift away from commerce to innovation

Topic |   China economy

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China needs to shift business and popular imagination away from get-rich-quick schemes, towards a demand for quality, originality and long-term reputation. Illustration: Craig Stephens
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