Bai Chongen on China’s new economic paradigm and closing the US tech gap

Bai Chongen is a prominent Chinese economist and government adviser. He is the dean of Tsinghua University’s School of Economics and Management and serves concurrently as vice-chairman of the All-China Federation of Industry and Commerce. From 2015 to 2018, he was a member of the Chinese central bank’s monetary policy committee. Here, he discusses how China can avoid “Japanification”, what Beijing