...to avoid long-term stagnation, China will soon have to embark - TopicsExpress

...to avoid long-term stagnation, China will soon have to embark on a second wave of privatization, as the government is running out of options to fund further growth. ...This inevitable wave of privatization will bring with it the added benefit of unleashing a corresponding wave of restructuring in what has become a grossly inefficient and bloated economy. Luckily, the new leadership seems to recognize that this is necessary. A consensus appears emerging in the policy making circles that, as fiscal stimulus runs out of steam, structural reforms can provide huge potential for the next leg of development. nytimes/2013/08/14/opinion/chinas-coming-wave-of-privatization.html?pagewanted=all

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