The Urbanization Fallacy

by Michael Pettis, China Financial Markets Editor’s note: See also Documentary of the Week from BBC on a Chinese urbanization project. The latest default bull argument supporting higher levels of growth in China than I believe possible is the urbanization argument. Beijing is planning another major urbanization push, and according to this argument China can …

China: Balancing Political Ideology and Economic Pragmatism

Written by Jillian Friesen, GEI Associate, and John Lounsbury Last week the new Politburo Standing Committee of the Communist Party of China was introduced to the world. All of those who were elected are new members to the committee, including the new party leader Xi Jinping (pictured, Source). Also, they represent a rainbow of conservative …