The World Bank, taking aim at one of China's most entrenched interest groups, told the country's top leadership that it had to reform the nation's powerful state sector to ensure stability in the world's fastest growing major economy.
Thursday, March 1, 2012
World Bank tells China to reform state sector to ensure stability
A 400-page report calls the nation's economic model 'unsustainable' and calls on the Asian giant to boost market competition, support marginalized private enterprise and diminish the role of government-owned companies.
The World Bank, taking aim at one of China's most entrenched interest groups, told the country's top leadership that it had to reform the nation's powerful state sector to ensure stability in the world's fastest growing major economy.
The World Bank, taking aim at one of China's most entrenched interest groups, told the country's top leadership that it had to reform the nation's powerful state sector to ensure stability in the world's fastest growing major economy.
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