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INTERNATIONAL ECONOMIC ENVIRONMENT

03/10/2018

The New New World

Private Businesses Built Modern China. Now the Government Is Pushing Back

 

HONG KONG — The comments were couched in careful language, but the warning about China’s direction was clear.

 

China grew to prosperity in part by embracing market forces, said Wu Jinglian, the 88-year-old dean of pro-market Chinese economists, at a forum last month. Then he turned to the top politician in the room, Liu He, China’s economic czar, and said “unharmonious voices” were now condemning private enterprise.

 

“The phenomenon,” Mr. Wu said, “is worth noting.”

 

 https://www.nytimes.com/2018/10/03/business/china-economy-private-enterprise.html


                             

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