China's reformers can triumph again, if they follow the right route | Joseph Stiglitz

Challenge for leaders is to devise effective regulatory regimes that are health-conscious and appropriate at this stage

No country in recorded history has grown as fast and moved as many people out of poverty as China over the past 30 years. A hallmark of China's success has been its leaders' willingness to revise the country's economic model when and as needed, despite opposition from powerful vested interests. And now, as China implements another series of fundamental reforms, such interests are already lining up to resist. Can the reformers triumph again?