Professor Pei Mingxin

Reform in China: Growing Pains for a Global Power

Dr. Ha Ziming, Mr. Huang Shan, Professor Pei Mingxin, Mr. Chang, Wang Chen

Panelists at a recent economic forum analyzed China's transition to a structural slowdown marked by declining investment efficiency and a debt-to-GDP ratio surging to 243%. Experts like Dr. Ha Ziming and Professor Pei highlighted critical risks from capital misallocation and the governance paralysis caused by President Xi Jinping's aggressive anti-corruption campaign, while noting a pivot toward domestic consumption and assertive foreign infrastructure initiatives like the Belt and Road and the AIIB. Despite fears of a hard landing, the discussion concluded that external investors remain interested due to monetary easing and undervalued assets, even as high-net-worth individuals diversify globally amid concerns over the state-capitalist model's sustainability.