Article: China?s Great Missed Opportunity
|
|
|
|
|
China?s Great Missed Opportunity
While a U.S. Representative to the Asian Development Bank Executive Board of Directors during the first Bush Administration, I consistently called for China to ?bite the bullet? and privatize its state-owned companies as soon as possible. Representatives from European and other Asian countries would just shake their heads and mutter about impatient Americans while counseling that China adopt a slow, incremental approach to privatization.
Here we are more than twelve years later and this bullet has turned into a time bomb that could derail China?s impressive economic growth and a better life for its people. The fact that a majority of China?s large companies are still owned and controlled by the Chinese government has three negative economic consequences.
First...
|
|
|
|
|
|
|
Home
|
Back To Articles Directory
|
|
|
Send your comments, Suggestions or
Queries regarding this site at roseindia_net@yahoo.com.
|
|
Copyright © 2006. All rights
reserved.
|
|