Few words are more frequently mentioned in the context of China’s economic reform agenda than “rebalancing”. What will a rebalanced Chinese economy look like? Has the Chinese leadership come to grips with sources of resistance to change? What is the likely balance and sequencing of local government, banking, exchange rate, and environmental and judicial reform?

Two leading analysts of China’s economic and political leadership, Professor David Daokui Li of Tsinghua University and Dr. Cheng Li of the Brookings Institution, discuss these issues with Malan Rietveld, director of Investec Asset Management’s Investment Institute.