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Did China miss its chance to fix its economy?
Behind the Money
What's the Stake for China and Its Economy?
The near-term question coming out of the Congress is, can they find some sort of mechanism that helps to deliver each property sector and deal with the debt problem? Longer term, it's a much, much bigger problem. You're talking about the legitimacy of the ruling Communist Party which for years has been based on the idea that they will always improve the lives of ordinary Chinese people. If growth really slows and if they can't find a new growth model and they are left having to redistribute the pie that they've created now, that is going to ask some tough questions of the leadership - not just Xi Jinping but everyone around him.
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