After decades of rapid economic growth, China is facing rising debt and a slump in productivity, suggesting Beijing may need to move away from a top-down approach to economic planning. Photo: Reuters
Opinion
Opinion
China’s growth model is losing steam. Is more market freedom the best way to avoid an economic slump?
- Investment, technological advancement and population control have transformed China’s economy – but there are signs the old economic model is hitting the buffers
- Beijing must relax its grip and allow entrepreneurial initiative to flourish, or risk a hard economic landing
After decades of rapid economic growth, China is facing rising debt and a slump in productivity, suggesting Beijing may need to move away from a top-down approach to economic planning. Photo: Reuters
