China has continually softened its stance regarding this being a transitional period. It’s an open ended stage, being increasingly framed as a permanent feature. Calling it a stage is a stablising concept, but falls short of a roadmap.
It could be that the current system has become too comfortable for some, or that it is increasingly seen as a viable long term approach, or both. Or maybe they have a secret roadmap so external actors don’t interfere.
I’m perhaps being overly critical (I like to see roadmaps and concrete progress, but instead I see the markets expanding), but assuming that they manage it, it would be monumental.
China has continually softened its stance regarding this being a transitional period. It’s an open ended stage, being increasingly framed as a permanent feature. Calling it a stage is a stablising concept, but falls short of a roadmap.
It could be that the current system has become too comfortable for some, or that it is increasingly seen as a viable long term approach, or both. Or maybe they have a secret roadmap so external actors don’t interfere.
Watch this space, I guess.
They haven’t, though. They’ve always maintained that it’s transitional, just that it will likely take a long time. This is true since Mao.
I’m perhaps being overly critical (I like to see roadmaps and concrete progress, but instead I see the markets expanding), but assuming that they manage it, it would be monumental.