Letzte Aktualisierung: August 31, 2022
China's growth sacrifices have only just begun
By Stephen S. Roach
Since the days of Deng Xiaoping, economic growth has mattered more than anything for China’s leaders. The 10 percent annualized hyper-growth from 1980 to 2010 was widely seen as the antidote to the relative stasis of the Mao era, when the economy grew by only about 6 percent. But under President Xi Jinping, the pendulum has swung back, with 6.6 percent average growth from 2013 to 2021 much closer to the trajectory under Mao than under Deng.