# Prof. Michael Spence is interviewed about China's economy and leadership

1 Faculty News February 17, 2014 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://www.nytimes.com/2014/02/18/business/economy/nobel-winners-frank-advice-to-chinas-leadership.html) -- "With its thousands of years of centralized decision-making, China may never resemble a Western democracy. But the elite recognizes it must sustain popular support, [Mr. Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence) said. 'If the party does not deliver real progress to the vast majority of Chinese — it’s a very inclusive concept — they will fail.'”

[Read more](http://www.nytimes.com/2014/02/18/business/economy/nobel-winners-frank-advice-to-chinas-leadership.html)