Susan Shirk on China's Weak Economic Growth
Xi-Li Inherit China's Weakest Economy Growth Since Deng
09/23/2012
Kevin Hamlin,
Bloomberg News
China’s new leaders are poised to inherit the weakest economic growth since Deng Xiaoping three decades ago and may need to borrow from his market-opening tool kit to avert a steeper decline.
As the Communist Party prepares to anoint Vice President Xi Jinping, 59, and Vice Premier Li Keqiang, 57, next month as its so-called fifth generation in charge, data from exports to production signal the government will struggle this year to reach its 7.5 percent expansion target. The retiring top echelon took power in 2003 with growth above 9 percent and their predecessors were bequeathed a 14 percent pace in 1993, a year after Deng toured the southern boomtowns he’d spawned, urging more change.
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Susan Shirk is the chair of the 21st Century China Program and Ho Miu Lam Professor of China and Pacific Relations at the School of International Relations and Pacific Studies (IR/PS) at UC San Diego. She also is director emeritus of the University of California system-wide Institute on Global Conflict and Cooperation (IGCC) and chair of the IGCC International Advisory Board.
In 1993, she founded, and continues to lead, the Northeast Asia Cooperation Dialogue (NEACD), an unofficial “track-two” forum for discussions of security issues among defense and foreign ministry officials and academics from the United States, Japan, China, Russia, and the Koreas.
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