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 West, you are totally fucked: China to loosen central planning

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RR Phantom

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West, you are totally fucked: China to loosen central planning Vide
PostSubject: West, you are totally fucked: China to loosen central planning   West, you are totally fucked: China to loosen central planning Icon_minitimeMon May 27, 2013 2:44 am
The Chinese government is planning for private businesses and market forces to play a larger role in its economy, in a big policy shift intended to improve living conditions for the middle class and to make China a stronger competitor on the global stage.

West, you are totally fucked: China to loosen central planning Zahchinalw2013052622470



In a speech to party cadres, new Prime Minister Li Keqiang said this month the central government would reduce the state's role in economic matters in the hope of unleashing the creative energies of a nation with the world's largest economy after the United States.

On Friday, the Chinese government issued policy proposals that seemed to show that Mr Li was serious about reducing government intervention in the market, and giving competition among private businesses a bigger role in investment decisions and setting prices.

Whether Beijing can restructure an economy that is thoroughly dependent on state credit and government directives is unclear, but analysts see such announcements as the strongest signs yet that top policymakers are serious about revamping the nation's growth model.

Read more: http://www.smh.com.au/business/china-to-loosen-central-planning-20130526-2n558.html#ixzz2UTNw8Olw
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