Meeting the economic challenges of the year

The Chinese authorities need to address three fundamental economic and governance issues this year.

First, given the mismatch between its strategic deployment and tactical design, it has to restructure the economy, and devise innovative strategies for the Belt and Road Initiative and the Asian Infrastructure Investment Bank, which will have long-term effects among others, on society, politics, governance and national defense.

Yet having a top-level tactical design is only the beginning, especially because China still lacks complementary practical plans to implement its strategies. Tactics should be flexible, so that they can be adjusted according to circumstances and can achieve the strategic goals.