People

In a recent article in Bauhinia Magazine, Prof. Steven Barnett from HKU Business School examines the structural challenges facing China's economy. Borrowing from investment disclaimers: past performance is no guarantee of future results. Reform and opening drove decades of success, but the next chapter calls for an updated recipe — with a much bigger role for domestic consumption.

Global growth is stuck in low gear. Just as a car stuck in low gear can only reach a fraction of its potential speed, the global economy is failing to find its former momentum.