Minxin Pei, a professor of government at Claremont McKenna College and a non-resident senior fellow at the German Marshall Fund of the United States, wrote ‘China’s Crony Capitalism: The Dynamics of Regime Decay’. Photo: Winson Wong
South China Morning Post: US-China trade war inactivity could lead to the ‘worst recession in recent Chinese history’, says scholar
* Political economy professor Minxin Pei says Beijing lacks the will to make radical political changes to deal with the trade war with the United States
* Also says China’s strong control of the economy will eventually backfire, with economy slowing to its lowest growth point for almost 30 years
China’s inability to “take the opportunity to do the right thing” during the trade war with the United States could cost the country dearly in form of a recession that “will become the worst in recent Chinese history”, according to a leading political economy scholar.
Minxin Pei, a professor of government at Claremont McKenna College and a non-resident senior fellow at the German Marshall Fund of the United States, believes China’s strong control of the economy will eventually backfire.
“So far, it shows that China is not taking the opportunity to do the right thing,” said Pei. “China is willing to make some concessions by buying more goods, perhaps also improve intellectual property protection, but that does not improve China’s economy structurally.
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WNU Editor: Minxin Pei's analysis is spot on.
