China is not yet the engine of trade the world needs

Xi Jinping's economy must do more to reclaim mantle of stability on global stage

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Chinese President Xi Jinping speaks during the G20 leaders summit in Bali, Indonesia, on Nov. 15, 2022. © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

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