Why is China’s Economy Slowing?

Cheng Li, senior fellow at the Brookings Institution, discusses China’s economy, its financial reforms and the country’s anti-corruption efforts at Credit Suisse’s 18th Annual Asian Investment Conference. Eurozone demand and increasing labor costs are important reasons for China’s recent slowdown, says Li, who is the director of the John L. Thornton China Center at Brookings. But the the most important factor, he says, is the country’s transition from an export-led to a consumption-led economy.