By Joe Cash BEIJING (Reuters) - Chinese President Xi Jinping's first major reform plans a decade ago were also his boldest, envisaging a transition to.
Chinese President Xi
Jinping s first major reform plans a decade ago were also his
boldest, envisaging a transition to a Western-style free market
economy driven by services and consumption by 2020. . -Today at 07:00 pm- MarketScreener
Chinese President Xi Jinping's first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was meant to fix an obsolete growth model better suited to less developed countries - however, most of those reforms have gone nowhere leaving the economy largely reliant on older policies that have only added to China's massive debt pile and industrial overcapacity. The failure to restructure the world's second-largest economy has raised critical questions about what comes next for China.
BEIJING Chinese President Xi Jinping’s first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020.