This renewed embrace of the market, reminiscent of Deng Xiaoping’s original turn to capitalism in 1979, will be hard medicine for China’s entrenched business and government elites to swallow. If Xi’s administration is successful – a big if – its reforms may enable China to negotiate the necessary transition from an economy driven by exports and government investment to a more sustainable growth model based on domestic consumption.
上述重新投入市场怀抱的政策让人联想起1979年邓小平最初那次资本主义转向，当时的政策令中国根深蒂固的企业及政府精英一直如骨鲠在喉。如果习政府执政成功——这当中具有很大的不确定性——其改革或许可以帮助中国完成从出口驱动型经济和政府投资到以国内消费为基础的可持续增长模式的必要过渡。