China Faces Risks and Choices as It Enters New Era of Slower Growth

China has undergone incredible economic growth and development over the past 40 years, transforming the country, but faces risks of overcapacity, slowing growth, and excessive nationalism.

Relations between China and the West face challenges around trade, jobs, technology, and differing political systems, but confrontation is not inevitable with skillful leadership on both sides.

Addressing domestic economic issues like industrial overcapacity, boosting consumption, and allowing failing companies to go bankrupt will be critical for China's future growth.

Attracting foreign investment and talent, especially young people, requires not just policy changes but making China appealing and open to the world.

China should draw lessons from the development trajectories of neighboring countries like Japan and South Korea as it charts its future course.