Nicholas Lardy has written about the Chinese economy and financial sector for four decades. Photo: YouTube
Nicholas Lardy has written about the Chinese economy and financial sector for four decades. Photo: YouTube

China puts economy at risk by spurning market-oriented reforms it once promoted, long-time observer Nicholas Lardy warns

  • The private sector has been sidelined despite Beijing’s 2013 decision to allow market forces to play a decisive role in the economy, Lardy says
  • ‘The resumption of state-led growth … and an increasingly omnipresent party are contributing to China’s growth slowdown,’ US economist writes in new book

Nicholas Lardy has written about the Chinese economy and financial sector for four decades. Photo: YouTube
Nicholas Lardy has written about the Chinese economy and financial sector for four decades. Photo: YouTube
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