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The future of Chinese capitalism

How will President Xi balance economic growth and state control?

The Chinese Communist Party has held a high level meeting that will help propel President Xi Jinping to a level of power not seen since Chairman Mao. The gathering was essentially a celebration of Mr Xi's time in office, with a new emphasis on establishing him at the core of the party's identity. Despite the initial shock of the coronavirus pandemic China's economy has continued to grow. But there now appears to be a renewed emphasis on reducing inequality across society. The government has taken measures against property developers, tech giants, and even banned private tuition - all part of President Xi's message of 'common prosperity' which envisions a more equitable distribution of the country's wealth. So what influence will market forces have in communist China moving forward? How much control will the state impose on the private sector? And can the government reduce private and public debt without harming economic growth and hurting consumers?

Ritula Shah is joined by a panel of experts.
Producers: Paul Schuster and Junaid Ahmed

Available now

49 minutes

Last on

Sat 13 Nov 2021 04:06GMT

Contributors

Sara Hsu - Visiting Scholar, Fudan University, Shanghai. Author of China’s Fintech Explosion

Tom Orlik - Chief Economist, Bloomberg Economics. Author of China: The Bubble that Never Pops

Hong Bo - Professor, Financial Economics, School of Oriental and African Studies (SOAS), London

Claire Reade - Former US Assistant Trade Representative for China. Senior Counsel, Arnold & Porter

Also featuring:

Yang Li - Research Associate, DIW, the German Institute for Economic Research

Picture

Morning in Shanghai, China; view from The Bund. Credit: Getty Images stockpot

Broadcasts

  • Fri 12 Nov 2021 10:06GMT
  • Sat 13 Nov 2021 00:06GMT
  • Sat 13 Nov 2021 04:06GMT

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