China’s TFP: the fading engine of growth
On September 18, 2025, Peking University’s Huang Yiping put it plainly: lifting total factor productivity is the only path to high-quality growth. That part is right. The harder part is delivery. The notion that a state-planned system can “optimally” allocate land, capital, and talent strains belief. Inside the Party School, Zhang Zhanbin proposes a government…









