Some of China's greatest economic advances depend heavily on local conditions.
For Christopher Balding's latest contributions to The Japan Times, see below:
We now have five years of data on Xi Jinping's policies and predilections, and very little of it suggests he is deeply invested in a pro-market, reformist agenda.
Although China has liberalized its economy in recent years, it has also erected a sophisticated set of barriers to safeguard companies it views as national champions.
The yawning gap between winners and losers is making life much harder for a government seeking to boost growth and maintain stability.
Economic reforms in China are much like New Year's diet resolutions: easily announced and easily forgotten.