Economic Progress

This is what China needs to do to generate long-term growth

A customer holds a 100 Yuan note at a market in Beijing, August 12, 2015. China shocked global markets on Tuesday by devaluing its currency after a run of poor economic data, a move it billed as a free-market reform but which some experts suspect could be the beginning of a longer-term slide in the exchange rate.

Yu Yongding looks at what's undermining the country's potential growth, and possible solutions. Image: REUTERS/Jason Lee

Yu Yongding
Senior Fellow, Institute of World Economics and Politics, Chinese Academy of Social Sciences (CASS)
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 China's GDP growth rate from 2010 to 2020
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