Posted 10/30/2023, 12:00:15 AM
China's Reform Goals Stalled, Hampering Growth Says Think Tank Chief
- China's future growth depends on achieving decade-old reform goals, says think tank chief Chi Fulin
- Key reforms from 2013 not fully implemented, including capital account liberalization and yuan internationalization
- Slow progress on hukou system reform has hindered income growth and urbanization
- More market allocation of resources needed to break government's grip on economy
- China faces challenges like property slump, local debt, weak private sector confidence without bolder reforms