Battered from all sides, China needs new solutions

Mindful of the inspiration deficit that ultimately brought the East Asian growth miracle crashing down, Chinese policymakers must seize the moment.

Stephen RoachAsia watcher

Updated Apr 29, 2024 – 2.36pm, first published at 1.21pm

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China is facing a broad constellation of problems: an underperforming economy; a superpower conflict with the United States; stiff demographic headwinds; and a serious productivity challenge.

Its policy response so far has drawn on a playbook that has proven successful in the past, but that may not be enough today. Battered from all sides, Chinese authorities need the courage and imagination to devise new solutions.