Writing at Caixin Online, New Century magazine editor-in-chief (and former Caijing head) Hu Shuli writes about the raft of problems and challenges (including inflation) facing China as a new year dawns, and asks: “How should we face this new year?” She concludes: “Whether it’s about ensuring a reasonable level for commodity prices or accelerating changes to our mode of economic development, these are at their root inseparable from necessary changes to our old patterns of thinking and resolving deep institutional problems.”

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