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China Soon Could Dominate the Global Economy—but Leading It Will Be Tougher

Uploader: Zolokree 2 month ago  
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The event moderator, former Los Angeles Times Beijing bureau chief Julie Makinen, lamented that when she returned to the United States, she lost the ability to pay easily for items—even flowers from a street vendor—with WeChat, which is ubiquitous in China. But in order to lead globally, China needs to make the difficult shift to a service economy, and become better at building global brands and developing leadership of major companies that allows for succession between generations. China is also seeking to lead in innovation—not only as a way of earning global respect, but because of its own economic challenges.

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