ECIPE Lunch Seminar: China Challenge – Economic Reforms and Moving up the Value-Added Chain

China’s leaders have acknowledged the need to move away from an investment-led model of economic growth that looks increasingly exhausted. But to get China’s economy to grow by greater contributions from innovation and domestic consumption will not happen without significant economic reforms. What is the state of the reform agenda – and have leaders of the party, currently meeting in Beijing for the Third Plenum, now raised expectations for economic reforms? And as China’s strategy to build a high-technology and innovation-based economy continues to be a source of awe in many parts of the world, is not the real story that the strong role of state-owned enterprises and industrial policy in the Chinese economy are making it difficult for China to climb the value-added chain?