China's Reform Progress Grinding to Halt Says Goldman's Former China Chair

The transcript discusses a pivotal moment for China's future, highlighting domestic economic challenges and external pressures. It draws parallels to the period between 1989 and 1992, emphasizing the need for strong reforms. The importance of rule of law, transparency, and reducing corruption is stressed as essential for progress.

What is emphasized as important for the future of China's governance?

What role does corruption play in the context of the challenges mentioned?