June 9, 2016
With the right economic policies China could continue to grow at a rate of about five per cent per year for another decade says Arthur Kroeber of Gavecal Dragonomics, an independent research firm in Beijing. But the country would have to cut SOEs by up to a half and push through financial reforms. However, Xi Jingping’s economic policies lack clarity and direction. China still depends too much on stimulus measures and credit to keep the economy going. Little change is in the offing with the 19th party congress already looming large.