People visit a shopping area in Beijing on October 14. China’s days of double-digit GDP growth are probably over, and it must contain its debt risks to manage this trend of slowing growth. Photo: AFP
Prof Zhang Jun
Opinion

Opinion

Macroscope by Prof Zhang Jun

China must tap the potential of its huge domestic market for economic growth to become a truly modern nation

  • To reach its centenary goal of being a ‘great socialist country’, China needs another three decades of strong growth. This is possible only if it transforms its growth model to spur a sharp and sustainable increase in home-grown demand

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People visit a shopping area in Beijing on October 14. China’s days of double-digit GDP growth are probably over, and it must contain its debt risks to manage this trend of slowing growth. Photo: AFP
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Demonstrators spray paint a security camera at a Mong Kok branch of the Bank of China. Photo: Bloomberg
Shirley Ze Yu
Opinion

Opinion

Shirley Ze Yu

China would rather see Hong Kong lose its role as a financial gateway than ever cede political control

  • Under China’s control, Hong Kong’s DNA is changing and there’s no going back. Beijing may be looking to replace the city with London as a offshore financial hub
  • In China’s long history, the Hong Kong unrest will be but a minor blip in the country’s progress; the question is whether Beijing needs to wield soft or hard power

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Demonstrators spray paint a security camera at a Mong Kok branch of the Bank of China. Photo: Bloomberg
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