March 2013
Reform: What China’s Leaders Must Do
In March 2013, China’s National People’s Congress will formally anoint the country’s new leaders. President Xi Jinping and Premier Li Keqiang – who are expected to remain in power for the next decade – know that the years of easy, investment-driven growth are over. Under their leadership, China must find a healthier development model that puts greater reliance on household consumption, uses capital more efficiently, and provides more citizens with a decent standard of living. Fundamental political reform remains off the table, but sustaining economic growth and cre*ating widespread prosperity will require bold financial, fiscal and social reforms. CEQ explains what China’s new leaders must do to keep China’s 30-year economic and social miracle on track.
Also in this issue:
- Andrew Batson examines China’s inequality statistics
- Michael Komesaroff explains how China has pushed down the prices of some metals
- Paul French reports on the food-safety scares hitting foreign brands
- Rosealea Yao analyzes Premier Li’s new urbanization plan
- Chao Gupiao is less than impressed by China’s stock-market rally
- Joe Studwell shows why land reform is the magic ingredient in creating economic takeoff
- Will Freeman argues that China will not become a major grain importer
- Thomas Gatley predicts how China’s consumer market will grow over the next decade
- Erica Downs reviews a fine new book on China’s best-run bank