The Brutal Politics of China’s Economic Overhaul: What Xi Can Learn from FDR

June 15, 2017

by Timothy R. Heath

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The judgment that China’s reform era is now “over” under Xi Jinping seems premature. Observers often greatly underestimate the intensity of political conflict that attends any economic reform of the scale sought by Beijing. In fact, intriguing parallels can be found in a similar drastic economic transformation—the United States in the 1930s.