Photographer: Johannes Eisele/AFP via Getty Images

China Faces Choice Between Control and Prosperity, Economist Xie Says

  • Authorities face choice between direct control or prosperity
  • GDP stabilization pinned on the ‘old game’ of real estate

China’s recent economic stabilization "doesn’t matter" and policy makers must deal with imbalances that are holding back development or risk suffering the kind of malaise that’s dogged Japan for decades, according to independent economist Andy Xie.

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