The Big Picture

Vincent Boland: China’s journey to prosperity is stuck – and something has to give

Its economy recently kept the world ticking over but it has faced a series of downturns that mean a new path must be found

Official data points to a sharp fall in foreign direct investment into China

The Chinese communist party relishes the kind of set-piece event where the grandees who run the party-state can be seen in their pomp and power. There is at least one every year, when the hierarchy gathers to make big announcements, usually in the Great Hall of the People in central Beijing, and the world watches intently to see who is in, who is out, and what’s what.

One such bit of political theatre is going ...