Xi Is Running Out of Time: China’s Economy Heads for a Hard Landing

How worried should observers be about China’seconomy? As recently as midsummer, that seemed like an academic question geared to the long term. In recent months, observers who were already concerned were further dismayed whenever Beijing moved to reel in companies considered to be in the vanguard of the “sunrise industries” that China celebrated as the answer to future competitiveness, growth, and