Lessons to be learned from past experience

S. Alex Yang, Associate Professor of Management Science and Operations at London Business School, and his co-author Angela Zhang suggest a way forward for Beijing in response to the wake of growing civil unrest around Covid-19 restrictions.

“China’s economic reform and opening up over the past four decades offers useful lessons,” they write in a new piece for Project Syndicate.

“The central government was able to contain – and thus manage – the risks associated with market reform. Moreover, it was able to experiment, accumulate experience, and collect data, which built up people’s confidence and guided the expansion of reforms.”

The authors call for a similar, gradual approach in the removal of COVID-19 restrictions across China.

Read the piece on Project Syndicate.