From Asia Times, Qiu Xin wrote: “As China’s economy grows much too fast and economic reform is deepened in order to slow it down, Beijing over the past few years has been accelerating the restructuring of its state-owned enterprises (SOEs). These gargantuan enterprises used to be pillars and drivers of the Chinese economy but most have now become crumbling, non-performing liabilities. ”
Reforming China’s state-owned white elephants
Posted by Xiao Qiang | Nov 12, 2004
