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Opinion
Justin Fox

China Will Keep Growing Because It Has to

Delivering steady economic growth is the government's key source of legitimacy.
National bird sightings.

National bird sightings.

Photographer: Wang Zhao/AFP/Getty Images

Can China’s economic policy makers maneuver their way out of this one? Let’s see: there’s a property bubble that’s  beginning to deflate, a construction boom that’s now going in reverse and a financial system that’s riddled with bad debts. Oh, and the air is still really dirty.

On the bright side, though, Cirque du Soleil and Segway are coming to China. With the success of the new Asian Infrastructure Investment Bank, the country has established itself as a global economic leader. And the Shanghai Composite Index has more than doubled during the past nine months.