Reckless vs Smart Moves: Making the Right Adjustments to China’s Economic Strategy

The IMF holds a cautiously optimistic view about the prospects of the Chinese economy, recognizing that the important reason for a slowdown in China’s economy is the change in its development strategy. The services industry is rising, R&D is expanding slowly, and the financial system is modernizing. These changes take time and patience: If China chooses to slow down a little bit, it will be easier for the country to succeed and achieve the long-term goals it has anticipated.

Francis Lui Director, Center for Economic Development, HKUST via CHINA US Focus http://ift.tt/1NtiQsm