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Reform over substance

Chinese reforms could trigger domino effect

What does China want? Sustained growth, and happier citizens. How will it get there? Through economic reform. It sounds simple enough. But reform is a slippery word. While the problems facing China’s incoming new president Xi Jinping are well known, each potential fix depends on others, and most will meet with resistance. To succeed, Xi may need to push hard in three main areas: efficiency, innovation and the environment. Better, not less The common complaint that China invests too much isn’t necessarily true. While investment is a high 48 per cent of GDP, according to the ...