This article discusses the ways in which China's central banker, Zhou Xiaochuan, wishes to change the country's economy as he is concerned with "the lethargic pace of economic reform."
What do you think China's leaders will decide? Will they move towards a more market-based economy? In what ways could this change impact China and/or the rest of the world?
I don't think it is too likely that some of the proposed liberalization reforms will pass (less restrictions on capital, large number of state owned industries opening up, etc...). But I agree with Nick, China's economy is changing and the government needs to keep pace. I can see some minor changes occurring though, like dividends on state owned firms for new revenue.
ReplyDeleteI think China is in a good spot to go on with their intended reform, and I think they will be successful because of it as well.
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