Distinguishing in part between cyclical and structural economic challenges facing China, (eg, real estate busts vis further urbanisation potential) Geoff Raby, AO, former Australian Ambassador to China, to APEC and WTO, is sceptical of arguments propounding ‘peak china’ economic growth.

Raby sees considerable potential for the realisation of China’s communist party led vision of scientific and technological transformation to the ‘fourth industrial revolution’. The party’s political leadership has already resulted in significant advances and outcomes towards this goal, notwithstanding ideologically based critiques of the current leadership under Xi Jinping for its authoritarianism and state control.

Raby also discusses concerns about growing moves globally to increased government interventions in trade and investment at the same time as there are emergent signs of a ’new world order’.

Listen to the full interview here: