The new Beijing leadership has set out an agenda for economic reforms. As China’s economic growth slows down there is now greater expectations on the government to actually deliver needed reforms. But the reform agenda is neither new nor uncontroversial. Much talked about in the past years, intentions to bring forward the reform agenda, especially to open up for more competition in China, have stumbled in the face of domestic opposition. Is this time different?
And will economic reforms in China fasten the country’s ascending role as an international economic leader? China is soon the largest economy in the world and it has the ambition to internationalise its currency, the RMB. Will China’s aspire to a greater role in international economic affairs – or will such aspirations get stuck in the country’s complicated political economy?
Fraser Howie, a renowned expert on China’s economy and financial sectors, and co-author of Red Capitalism
Guy de Jonquières, a Senior Fellow at ECIPE
Shahin Vallée, a Member of the Cabinet of Herman van Rompuy, President of the European Council