I came across this keynote speech by Wei Jie recently, a famous economist in China.

In his speech, he very clearly identifies the core issues facing the China economy, and then goes on to make 4 key predictions on what China must do in 2020 to address these issues.

It was such a good speech that I’ve translated the key portions of the speech below for Financial Horse readers.

China is at a very key moment in its development, as it transitions from a credit fuelled economy (growth from manufacturing and real estate) to a higher value added economy. In traditional economist speak, what it will do in the coming years will determine whether it will be able to escape the middle income trap.

Enjoy!

In Mr Wei’s opinion, 2018-2020 is the peak period of debt repayment in