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ArtikelThe Bees Get Busy; The Politics of Economic Reform  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8774 (Mar. 2012), page 29-30.
Topik: Economic Reform; Politics; Banking Industry; Trade Liberalization
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.70
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelChina's reformers have had a few bad years. A booming economy, they complain, has sapped the government's will to do battle on their behalf against increasingly powerful interest groups which see no need for change. But as the Communist Party prepares to hand power to a younger generation of leaders later this year, reformists see a glimmer of opportunity. They hope to challenge the assumption that the leadership transition will inevitably be a period of risk-avoidance and caution over policy. In their effort to push their cause, reformers have recently sponsored two reports laying out plans for long-term change. First, on February 23rd, the People's Bank of China, the country's central bank, circulated a ten-year timetable for the creeping liberalisation of capital markets. On February 27th the bank, along with a government think-tank called the Development Research Centre (DRC), published a 468-page report which puts the reformers' case for changing a wide range of policies from removing impediments to labour mobility to weakening the grip of state-owned firms and strengthening farmers' land rights. The report warned that, without such reforms, China could get caught in a "middle-income trap", with inflation and instability leading to possible stagnation.
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