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Beijing Offers the Wrong Remedy for China’s Ailing Economy

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Beijing Offers the Wrong Remedy for China’s Ailing Economy
Paramilitary policemen patrol in front of the People's Bank of China, the central bank of China, in Beijing on July 8, 2015. Greg Baker/AFP via Getty Images
Christopher Balding
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Commentary

For some time, China has struggled with a sluggish economy and has been unable or unwilling to take decisive action to address the problem. As the Central Economic Working Group is officially meeting this month, expectations about policy changes are increasing.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.