A few weeks ago, I finished reading China’s Crisis of Success. The book, authored by Willam Overholt and published in 2018, contained many thought-provoking ideas on China’s past economic successes and future economic development. I summarised the lessons from the book in an article I published on 28 February 2022 titled Lessons From “China’s Crisis Of Success”. From here on, Lessons From “China’s Crisis of Success” will be termed Article 1.
While writing Article 1, I was also reminded of a piece I published on 4 March 2020 titled China’s Future: Thoughts From Li Lu, A China Super Investor. This article, hereby termed Article 2, is an English translation of investor Li Lu’s review and thoughts in Mandarin on the 2018 book The Other Half of Macroeconomics and the Fate of Globalizationwritten by economist Richard C. Koo.
As I wrote Article 1, I noticed a similar thread in Article 2. In both articles, an important element is that the pace of China’s future economic growth depends heavily on the Chinese...