Can China walk the reform talk?

Beijing has demonstrated its ability to manage difficult economic challenges and still deliver sustainable growth, but the pressure for deeper structural reforms in 2014 is growing.

China’s 2013 full-year economic growth data confirm what has been apparent for some time: China’s economy has settled into a high, but sustainable growth path. Putting aside excited commentary about two or three basis points movements in growth – and straw-men comparisons of this sustainable period of growth with the unsustainable, double-digit growth of the recent past – China’s rate of economic growth is largely unchanged in two years. And it is a rate of growth that would double GDP every decade.

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