AP: “China needs a new economic strategy after three decades of rapid growth and must reduce the dominance of state companies and promote free markets to achieve its goal of becoming a high-income society, the World Bank and Chinese researchers said Monday.
The recommendations in a report on development of the world’s second-largest economy through 2030 come amid debate in the ruling Communist Party over the future course of reform as a new generation of leaders prepare to take office this year.
The report’s emphasis on curbing state industry clashes with Beijing’s strategy over the past decade of building government-owned champions in fields from banking to technology and is likely to provoke opposition.”
This report is cleverly timed to coincide with the top leadership changes later in the year.
CHINDIA ALERT: You'll be living in their world, very soon 