Abstract:Trilemma situations, which have long been the subject of lively discussion in economics in many fields, indicate risks of instability and unsustainability. This article shows that China has also been facing a political-economy trilemma (and thus the ongoing danger of unsustainability of its development strategies) for 70 years now and has reacted differently to it in different eras. The article distinguishes three epochs: the Mao era , the Deng era , and the Xi era (2012-). It argues that in all three epochs b… Show more
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