Wednesday, March 08, 2017

China Trying To Open Up, But Will It Work?

China Taking Political Risks for Economic Reforms, Foreign Investments

China is responding to international criticism that it gives favorable treatment to state-owned enterprises (SOEs) while neglecting of the needs of foreign companies, and even foreign markets that buy Chinese goods. Releasing the annual work report, or budgetary proposals, in the National People's Congress (NPC), Chinese Premier Li Keqiang signaled a crackdown on loss-posting "zombie enterprises"…