China Facts: The struggle to reform China



Two decades ago it was possible, even sensible, to imagine that China would gradually free markets and entrepreneurs to play a bigger role. Instead, since 2013 the state has tightened its grip. Government-owned firms' share of new bank loans has risen from 30% to 70% and the private sectors share of output has stagnated.... The backlash abroad risks becoming yet another drag. As barriers to trade rise, China cannot rely on the rest of the world for growth. Its share of world exports will struggle to rise above today's 13%.*) 


*) The Economist 23rd February 2019
















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Hans Henrik Pontoppidan
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The views expressed of the authors do not necessarily represent or reflect the views of DCBF.