China is the world's second largest economy and has become a technological powerhouse. But this year, the economy of China's main rival, the U.S., is forecast to grow at a faster rate than China's for the first time since 1976. Is China's economy at a crossroad? In this interview, Barry Naughton, one of the world's most highly respected economists working on China, says that increased government intervention is bad for China’s long-term interests and for the world, and answers questions about what role the private sector will play in China’s economy going forward, whether China is looking for a new economic model (and if so, what is it?), and whether talk of decoupling from the United States a real possibility or just bluster.

Barry Naughton co-leads IGCC research on China's science, technology, innovation, and industrial policy and is an economist at UC San Diego's School of Global Policy and Strategy.