Throughout recent years, China unleashed economic stimulus to prevent growth from slowing. But that ambition has stalled some of the nation’s much anticipated reform program. In various policy areas, from state-owned enterprises to China’s welfare system, progress has been delayed by growth prioritization. With growth now stabilizing, policymakers have the opportunity to clear fog over China’s economic direction by further acting on the much-touted change promised by President Xi Jinping. In this interview, Janet Henry, chief economist at HSBC, rates China’s roll out of reform, assesses growth, and shares how to boost confidence in the renminbi (RMB). Read more
