China will need economic and political reforms to keep up growth, says Arthur Kroeber of Gavecal Dragonomics, an independent research firm in Beijing. In this podcast he argues that the transition to a new growth model won’t be possible without cutting back state-owned enterprises, restructuring financial markets, and promoting globally competitive innovation. “President Xi seems willing to sacrifice economic vitality to maintain political control.”
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This podcast was first published by the Mercator Institute for China Studies (MERICS), a YCW Partner. MERICS is one of the largest international think tanks for policy-oriented research on contemporary China.