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China’s plan for economic self-reliance to offset rising geopolitical risk ‘requires structural reform’

Summary:
[unable to retrieve full-text content]China’s plan to focus more on its huge domestic market to drive the economy amid rising protectionism and geopolitical risk will achieve little without further reform, economists say.President Xi Jinping has in recent weeks called for greater economic self-reliance, including in a speech to Chinese business leaders and during a trip to the rust-belt province of Jilin, which borders North Korea.Faced with headwinds from the coronavirus pandemic and rising China-US tensions, Xi has said China…

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[unable to retrieve full-text content]
China’s plan to focus more on its huge domestic market to drive the economy amid rising protectionism and geopolitical risk will achieve little without further reform, economists say.President Xi Jinping has in recent weeks called for greater economic self-reliance, including in a speech to Chinese business leaders and during a trip to the rust-belt province of Jilin, which borders North Korea.Faced with headwinds from the coronavirus pandemic and rising China-US tensions, Xi has said China…

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