What the world's second-largest economy could do to stop its spiral into economic stagnation
As growth decelerates in China and the economy slips into deflation, there are fears that the country may be heading towards a situation reminiscent of Japan in the early 1990s, a quagmire that could take decades to shake off.
The question on everyone’s minds is whether Beijing will make the necessary tough calls to ease the Chinese economy through this critical phase. Or will fear of political instability and social unrest make its leadership turn the other way?
[This article is republished courtesy of INSEAD Knowledge, the portal to the latest business insights and views of The Business School of the World. Copyright INSEAD 2024]