With its future uncertain amid ongoing U.S.-China confrontations, what strategy should Beijing take to aim at the sustainable development of its economy?
Reform of the market for factors of production ¡ª all the resources that businesses use to obtain what they need in order to produce goods or services ¡ª holds the key to observing where the Chinese economy is heading.
Since March 2020, the Chinese Communist Party (CCP) has issued guidelines on improving mechanisms for market-based allocation of production factors.
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