The keywords now emerging are "stability" and "caution", with China’s leadership clearly bracing for possible new trade shocks from the United States
Yet the issues still exist. Our second study, by Viviana Zhu, is on the fate of China’s anti-monopoly law, enacted in 2008. Perhaps with some nostalgia, one source recalls the context of the reform era. It took 20 years to pass the law – against views that a developing China actually needed more monopolies, not less, and a strong defense of "administrative monopolies", which extend far beyond the notion of natural monopolies in China. That last contradiction has survived the law.