The prevailing mood among China-watchers in 2014 was one of anxiety and skepticism. The year began in the shadow of Chinese assertiveness in the East and South China Seas. Economic concerns quickly took over: by February the property market seemed on the verge of an epic collapse thanks to the previous year’s sharp monetary tightening. At midyear the worry was that an endless anti-corruption campaign had caused government sclerosis, making it impossible to get anything done. And by October, as the Communist Party held its law-focused Fourth Plenum, many bemoaned both the lack of evident progress on the economic reforms …read more
Source: The Huffington Post
