Likonomics

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China’s Next Growth Challenge

On September 8th, 2013, the Financial Times invited a rather special guest to write an op-ed. Li Keqiang, the Premier of China, described his vision for the nation’s future economic development. Li wrote that the country needs to carry out an important round of reforms, a follow-up to those started by Deng Xiaoping more than thirty years ago. Li’s set of reforms, often called “Likonomics” by Western observers, comprises various policies designed to sustain economic growth, notably through an opening-up of the private sector.