China's economy requires governance reform to address instability in policymaking for sustainable growth.

A recent article emphasizes the need for governance reform to revive China's economy, highlighting instability in policymaking characterized by hierarchy, volatility, and fragility. Although the government has mobilized resources to combat economic challenges, risks include stock-market bubbles. The article advocates for a shift from abrupt policy changes to gradual reforms, drawing on successful past practices of decentralized governance for sustainable growth.

October 09, 2024
21 Articles