China at a Crossroads: How Will Xi React?

via Knowledge@Wharton

The China debt crisis is really a gross misallocation of capital. Will President Xi move toward market reforms, or will the path of gradual change be enough to avert a Japan redux event?

"The outlook for reforming China’s developing financial markets and the banking system remains obscured, in part, by a lag in the timing for key appointments such as a successor for Zhou Xiaochuan, longtime head of the People’s Bank of China. Some newly appointed party leaders, including Xi’s close economic adviser Liu He, are thought to support more market-oriented reforms."

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China at a Crossroads: How Will Xi React?

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