China Will Become a More “Normal” Economy

2013 will be remembered as the year China became a more “normal economy”. What does normality mean for China? Soon-to-depart Premier Wen Jiabao’s oft-cited quote that China’s growth is “unbalanced, unsustainable and uncoordinated” is a good place to start. China was an abnormal economy with its state-led capitalist approach that produced double-digit growth rates, no […]

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The Dust Settles

LESS than a week after the biggest shuffle of China’s leaders in a decade, the prime-minister-in-waiting, Li Keqiang, set tongues wagging with a speech about the country’s economic development. A government news-agency gushed that if his words could be summed up in four syllables, they would be “reform, reform”; if in six, then “reform, reform, […]

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