Part of China's economic miracle was a mirage. Reality check is next

Part of China's economic miracle was a mirage. Reality check is next https://ift.tt/hdiDj1u failure to implement major economic reforms has raised concerns about the future of its economy. President Xi Jinping's plans for a transition to a Western-style free market economy driven by services and consumption have largely gone nowhere, leaving the country reliant on outdated policies that have contributed to its massive debt and industrial overcapacity. Analysts see a slow drift towards stagnation as the most likely outcome, but there is also the risk of a severe economic crisis.