Posted inBeijing, China, Hong Kong, Shanghai, World

Megacity clusters drive yet imperil China’s planned economy

By eliminating the overt calculation that characterizes planned economies, Chinese President Xi Jinping could remove the socio-political barriers to growth that continue to hamper the country’s incipient rebalancing toward consumption. This would ratify a key ethical component of Chinese politics, namely that the governing center accepts the sharing of created value. The key sector in […]