China Moves Beyond “Growth for Growth’s Sake”

It’s been over 25 years since Chairman Deng opened up China’s closed economy and invited capitalism into the world’s largest country. During that period, China has averaged double-digit real annual GDP growth by embracing a policy of growth at any cost. But today, faced with enormous manufacturing overcapacity and growing social unrest, China is in the process of redefining its industrialization policies. What will this mean for investors, competitors, and the broader globalization trend? We’ll explain.

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