Yasheng Huang, a professor of global economics at the Massachusetts Institute of Technology, names four major contributors to China's economy in his new book,
The Rise and Fall of the EAST: exams, autocracy, stability and technology. Huang writes that those have been the driving factors of Chinese development dating back to the Sui dynasty, and particularly during the economic boom of the past half-century. But he tells Here & Now's Scott Tong that a declining property sector, a lack of investment in people and today's political leadership is ringing alarms for the country's future.
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