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Since the
liberalizing economic reforms implemented by Deng Xiaoping in 1978, the
Chinese economy has grown at an average annual rate of nearly 10 percent.
But as the returns of rapid industrialization and urbanization begin to
diminish, this growth has slowed. The Cipher Brief analyzes how China's
changing economy might affect world markets and what effect a true crisis
would have on the political legitimacy of the Chinese Communist Party.
- Dennis Wilder Former Special
Assistant to the President and Senior Director for East Asian
Affairs, NSC
- Scott Kennedy Director, Project on
Chinese Business and Political Economy, Center for Strategic and
International Studies
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