Kid gloves for a cooling China

For three decades China has depended on robust growth to maintain high employment levels and raise living standards. This era may have run its course.

I have been travelling to China for more than three decades, but never have I encountered a Chinese leadership so uncertain of the country’s future. It is little exaggeration to say that the world’s most populous country is on its heels. The irony is inescapable: political leaders in the US and Asia are busy debating how best to meet what they see as the threat from China; political leaders in China are debating how best to meet the many threats they perceive to China.

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