Imagine, for a moment, that you’re writing a short history of reform euphoria in China. Your essay would be, well, pretty short. From my vantage point, at least, in the last decade there have been just two notable moments of exuberance about the prospects for economic reform in China. One was in 2011, when China … Continue reading A Chinese Puzzle: Why Economic “Reform” in Xi’s China Has More Meanings than Market Liberalization