Sluggish China looks to Reagan, Thatcher for growth solutions

Beijing

WITH the world looking to China for assurance that it can manage its slowing economy and tumultuous stock market, President Xi Jinping has begun pushing a remedy that sounds less like Marx and Mao than Reagan and Thatcher.

Mr Xi is calling his next big economic initiative "supply-side structural reform", a deliberate echo of the nostrums of tax cuts and deregulation advocated by those conservative Western leaders in the 1980s.