Posts
China and the World Bank: 2030 vision | The Economist
www.economist.com/blogs/analects/2012/02/china-and-world-bank
The World Bank thinks differently. In a 468-page report, “China 2030”, it has set out a huge range of policy measures it says are needed in ...
China and the World Bank
2030 vision
Feb 28th 2012 by J.M. | BEIJING
CHINA’S economic
reforms have seen few breakthroughs in the past few years, or so the
analysts tend to think. As the country prepares for big changes due in
its top leadership after a Communist Party congress late this year,
senior officials are becoming even less inclined than usual to take
risks that might damage their careers. And with the economy still
growing rapidly, despite the rest of the world’s problems, many of them
see no urgent need for change.
The World Bank thinks differently. In a 468-page report, “China 2030”,
it has set out a huge range of policy measures it says are needed in
order to prevent the country from eventually falling into a “middle-income trap”
of much slower growth. Its suggestions range from weakening the grip of
state-owned enterprises to letting the market play a bigger role in the
setting of interest rates. Such ideas have been aired by others before,
but World Bank officials suggest there is a chance their report could
help nudge China into action.
No comments:
Post a Comment