Loading...
Please wait, while we are loading the content...
Similar Documents
The Brutal Politics of China's Economic Overhaul: What Xi Can Learn from FDR
| Content Provider | Semantic Scholar |
|---|---|
| Author | Heath, Timothy R. |
| Copyright Year | 2017 |
| Abstract | The economic and governance challenges facing China are well known. Economic growth has slowed from the dramatic double-digit increases of the past three decades to levels below seven percent. Debt levels reached 250 percent of national GDP in 2015, and could climb to 283 percent by 2020. A 2016 IMF report warned that China’s high corporate debt levels raised the risk of a “disorderly deleveraging.” The country also faces entrenched problems of rampant corruption, widespread government malfeasance, the effects of a heavily polluted environment, and a deeply inadequate social welfare system. To tackle these problems, China’s leaders have proposed an extensive array of structural and systemic reforms while upholding single-party rule. In 2013, the Chinese Communist Party (CCP) leadership announced ambitions to establish a fairer rule of law, curb corruption, redress environmental damage, expand social welfare benefits, and strengthen market institutions. At the same time, the Chinese Communist Party has firmly rejected political reforms that might significantly weaken its grip on power. Indeed, the moves to carry out a reform agenda have coincided with a considerable increase in repressive policies. Western opinion remains divided on whether China can realize its economic ambitions without substantial political liberalization. A minority view supports Beijing’s approach. Prominent in the group are international financial organizations like the International Monetary Fund (IMF) as well as business and |
| Starting Page | 79 |
| Ending Page | 93 |
| Page Count | 15 |
| File Format | PDF HTM / HTML |
| DOI | 10.1080/0163660X.2017.1328925 |
| Volume Number | 40 |
| Alternate Webpage(s) | https://twq.elliott.gwu.edu/sites/twq.elliott.gwu.edu/files/downloads/TWQ_Summer2017_Heath.pdf |
| Alternate Webpage(s) | https://doi.org/10.1080/0163660X.2017.1328925 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
