The Three Reforms China Must Enact: Land, Social Services, and Taxes
Harvard Business Review
NOVEMBER 6, 2013
Failure to present a groundbreaking new vision risks leaving in place old economic drivers, especially the over-reliance on fixed-asset investment, that have created serious challenges such as China’s “ghost cities” and high levels of local government debt. If the party leaders do tackle these reforms, success is far from assured.
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