China’s leadership is relying on an export surge to revive slumping growth, but those policies won’t extract the world’s second largest economy from the malaise that it’s in, a top China watcher said.
Anne Stevenson-Yang, cofounder of J Capital Research and the author of Wild Ride: A Short History of the Opening and Closing of the Chinese Economy, pointed to failures by Beijing in an op-ed in the New York Times on Saturday.
“Years of erratic and irresponsible policies, excessive Communist Party control and undelivered promises of reform have created a dead-end Chinese economy of weak domestic consumer demand and slowing growth,” she wrote. “The only way that China’s leaders can see to pull themselves out of this hole is to fall back on pumping out exports.”
The result will be more tension with China’s trade partners as cheap manufactured goods continue to…
