China Takes Over the World
Presenter: Ying Ma
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Economic reform and competitiveness
Last November, the Chinese Communist Party issued a major communiqué that emphasized the need to reduce the role of government and allow the market to play a "decisive role in allocating resources" in the Chinese economy. Is the Chinese leadership serious about undertaking further economic liberalization? If so, will these reforms usher in large-scale privatization or simply result in measures that will make the state sector more efficient to serve the interests of the Party?
And how does China's economic competitiveness rate compared to that of the United States? Is Beijing's top-down economic approach really the way to promote innovation and entrepreneurship in the 21st century?
Robert Herbold, former COO, Microsoft, and Managing Director, the Herbold Group, LLC.
Barry Naughton, Professor of Chinese Economy, the University of California San Diego, and editor, Wu Jinglian: Voice of Reform in China (MIT Press: 2013)