China's Unfinished Economic Revolution

This work argues that the common view that China's gradualistic approach has served it well overlooks the fact that state-owned banks for the last two decades have channeled household savings into money-losing companies. It suggests China should recapitalize and restructure its banking system.

Aceasta lucrare sustine ca opinia comuna conform careia abordarea gradualista a Chinei a servit-o bine trece cu vederea faptul ca bancile de stat din ultimele doua decenii au canalizat economiile gospodariilor catre companiile care pierd bani. Acesta sugereaza ca China ar trebui sa isi recapitalizeze si sa isi restructureze sistemul bancar.