In years past, foreigners were skeptical about China, doubting whether it would ever become a stable society and have a decent economy. In years recent, foreigners are nervous about China, worrying whether China will take over the world (at least economically). But how do China’s own researchers and leaders think about the future of the mainland?
Researchers at the Institute of Quantitative & Technical Economics of the Chinese Academy of Social Sciences, which is the official government think tank housing more than 3,000 scholars and researchers, have shared some of their insights with us. The institute’s English-speaking director, Professor Wang Tongsan, says the forecasts assume a significant slowing of China’s growth, but he warns that similar estimates proved wildly wrong in the past. [Full Text]
Robert Lawrence Kuhn is the author of The Man Who Changed China: The Life and Legacy of Jiang Zemin.