Navigating Choppy Waters: Chinese Economic Policymaking at a Time of Transition
China faces increasing economic headwinds that call into question not only its near-term growth outlook but the longer-term sustainability of its economic success. At a time of leadership transition in Beijing, global markets and policymakers alike are casting an anxious eye on China’s economic decision-makers and wondering whether they have the plans, skills, and fortitude to cope with these challenges. There is a rising premium on understanding how Chinese economic policy decisions are made, whether the emerging cadre of policymakers has the wherewithal to navigate the more turbulent waters ahead, and the implications for the U.S. economy and U.S. policy responses. This study, released in March 2015, seeks to answer these questions and offer guidance to U.S. policymakers managing relations with the world’s second-largest economy.