Drawing on his latest book, Cracking the China Conundrum – Why Conventional Economic Wisdom Is Wrong, Yukon Huang highlights the reform challenges facing the next Party Congress, which opens on October 18.
These include options for dealing with China’s debt problems, sustaining rapid growth, curtailing corruption, moderating trade and investment tensions with the West and coping with pressures for political liberalization. Many of the mainstream assumptions for addressing these issues are misguided and thus the related policy prescriptions are flawed.