Tag Archives | President Hu Jintao

The Deng, Jiang model for China’s economic growth under Xi

Major change is already underway in China, with potentially enormous implications for all of us. Corruption is being stamped out via a policy of ‘shock and awe’ Similarly, wasteful lending is under attack in both the official and the so-called ‘shadow banking’ sectors Thirdly, pollution is being tackled by literally ‘sending in the bulldozers‘ to […]

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From Jiang to Hu and the lost decade

President Jiang Zemin inherited a difficult economic and political situation when taking power in 1993, as did Deng in 1977 and  current president Xi last year.  Jiang had to set in motion China’s second economic cycle of the post-Mao era, or risk seeing the country fall back into poverty and the political turmoil of another Cultural Revolution. Similarly today, […]

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China faces ‘economic restructuring’

A year ago, it was fashionable to claim that the Asian economies had ‘decoupled’ from the West. Any slowdown would simply pass them by. Last December, I noted a rare dissenting voice, Stephen Roach of Morgan Stanley, who commented that ‘decoupling is a good story, but its not going to work going forward’. In March, […]

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