The Problematic Politics of China's Economic Reform Plans+
Journal: Econstor (Econstor)
Year: 2014

China is in a race against time to re-engineer its faltering economic model, famously described by Wen Jiabao, its last prime minister, as "unsustainable, uncoordinated, unbalanced, and unstable". Against a background of soaring debt levels, proliferating asset bubbles and chronic excess capacity in many sectors, Xi Jinping, China's President, has announced a programme of sweeping, market-oriented, structural reforms intended to "re-balance" its economy and lay the foundations for the country's