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China’s slowdown is of its own doing

Dr. Harry G. Broadman
 

By Dr. Harry G. Broadman (original source Financial Times)

“The noose around the neck of China’s economy has been getting tighter, but hardly as a result of the tariffs imposed by the US. This is a dangerous myth celebrated by Washington and used as a scapegoat by Beijing.

Rather, the squeeze is largely self-induced. It stems from the lack of further reform — in some cases, the reversal of past reforms — in an economy still heavily dominated by the state and whose largest enterprises remain governed by the Communist party. The power to alter China’s economic fortunes lies largely in Beijing’s own hands.”

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