CHINA HAS PEAKED |
AEI RESEARCH: In a new AEI report, Derek Scissors finds that despite the popular talk of China’s unstoppable rise, China actually has fundamental economic challenges, including sharp resource constraints, a rapidly aging workforce, and a terrible recent record of debt accumulation. These indicate a process of stagnation, not the continued gross domestic product growth Beijing will of course report. What China should do is return to the pro-market reform of 1978–2002, which was abandoned by 2009. Rural land ownership rights and less protection of state-owned enterprises are the key elements for China to become rich. Read the full report.
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