The Color of China

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In The Media

The Color of China

China's future economic performance could be undermined by half-finished and misguided government policies that have created persistent flaws in its economic institutions and structures.

By Minxin Pei

Published on Mar 3, 2009

Source: National Interest

The Color of ChinaForecasters of the fortunes of nations are no different from Wall Street analysts: they all rely on the past to predict the future. So it is no surprise that China’s rapid economic growth in the last thirty years has led many to believe that the country will be able to continue to grow at this astounding rate for another two to three decades. Optimism about China’s future is justified by the state’s apparently strong economic fundamentals—such as a high savings rate, a large and increasingly integrated domestic market, urbanization and deep integration into the global trading system. More important, China has achieved its stunning performance in spite of the many daunting economic, social and political difficulties that doomsayers have pointed to as insurmountable obstacles to sustainable growth in the past. With such a record of effective problem solving, it is hard to believe that China will not continue its economic rise.

Please visit the National Interest to read the complete essay.

About the Author

Minxin Pei

Former Adjunct Senior Associate, Asia Program

Pei is Tom and Margot Pritzker ‘72 Professor of Government and the director of the Keck Center for International and Strategic Studies at Claremont McKenna College.

Recent Work

In The Media
How China Can Avoid the Next Conflict
- Minxin Pei
In The Media
Small Change
- Minxin Pei

Political Reform Economy East Asia China

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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