Dr Geoff Raby argues that Xi Jinping's economic reforms have been underwhelming. Announcements far outweigh specific actions, and the anti-corruption campaign has created an atmosphere of fear that is stifling economic leadership from officials. However, there is cause for optimism in the long term.

'The conditions that have underpinned China’s exceptionally high rates of growth for decades remain, albeit to support lower and more sustainable rates of growth. Given Xi Jinping’s consolidation of power and the likelihood of reforms now being pursued more vigorously, China’s medium to long term growth outlook remains highly attractive.'

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