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Evergrande and energy crises show Beijing's need for systems thinking

Twin setbacks reveal gaps in China's policymaking process

| China
Chinese homebuyers visit the stand of Evergrande Real Estate Group during a housing fair in Guangzhou in May 2015: Evergrande leaned on its customers to fund its new apartment projects in the form of advance payment.   © Imaginechina/AP

S. Alex Yang is an associate professor at London Business School, specializing in supply chain finance and management. Angela Zhang is an associate professor at the University of Hong Kong, specializing in Chinese regulatory governance. She is the author of Chinese Antitrust Exceptionalism: How the Rise of China Challenges Global Regulation.

Two emerging threats to the Chinese economy have alarmed global investors.

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