This article was written shortly before the turmoil in China’s markets in late August. Even so, it offers valuable insights into the relationship between China’s government , consumers, and the economy.
The Chinese economy seems to have finally hit the brakes. Thanks to stalling real estate and export markets, this year China reported first and second quarter growth rates of 7%—its lowest numbers in six years. We asked Harvard Business School Professor William Kirby, historian and coauthor of Can China Lead? Reaching the Limits of Power and Growth, to answer alumni questions about what this trend might portend.
Read the full article at Harvard Business School Alumni Bulletin.