Posted inBeijingChinaHong KongShanghaiWorld

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 […]