China’s economy is headed for a ‘dead-end,’ and Beijing won’t do anything to stop it, scholar says

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China's leadership is relying on an export surge to revive slumping growth, but those policies won't extract the world's second largest economy from the malaise that it's in, a top China watcher said. Anne Stevenson-Yang, cofounder of J Capital Research and the author of Wild Ride: A Short History of the Opening and Closing of the Chinese Economy, pointed to failures by Beijing in an op-ed in the New York Times on Saturday. "Years of erratic and irresponsible policies, excessive Communist Party control and undelivered promises of reform have created a dead-end Chinese economy of weak domestic consumer demand and...