Can China sustain its rate of growth over the next few decades? Last week, I discussed one possible constraint – the country’s political future. But questions should also be raised over its economic strategy. China has important choices to make, for its own sake and for that of the rest of the world.

China’s strategy for economic growth has three signal features: the gradualism of its move from the planned economy to the market; the country’s extraordinary integration into the world economy; and the level and growth of investment.