World Bank to China: Reform Now or Face Deep Economic Crisis

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China could face an economic crisis unless it implements deep reforms, according to a report by the World Bank and an influential Chinese government think-tank, which urges Beijing to scale back its vast state-owned enterprises and make them operate more like commercial firms. Coming from a group so close to the government, it suggests China's other new leaders may be happy to question political sacred cows.

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State owned dominates domestic while private is exportable. Maybe this is an indication that state owned is insulated and not competitive.

redwhitedude
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State capitalism has it's weaknesses. It is good if you want to play catch up in a short period of time so long as it is done right. However if they do not adjust as the country develops and becomes more sophisticated technologically they have to loosen regulations.

redwhitedude
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Sure, i don't agree with them either. I don't like beligerent ultra-nationalists anywhere, but at least even the most extreme tea party person (so far as I know) does not advocate getting revenge on some random countries for what they did sixty of one hundred years ago. (Unlike Fenqing which are still all butthurt over Japan or the Opium wars for example)

OboAtiba