The publication of a new article by “Authoritative Personage” on May 9, 2016, threw into the open two unresolved issues of Chinese policy: Who is making economic reform policy? What is the mix between reform and growth? These two unresolved issues lie behind the enormous difficulty policy-makers have had in coming up with a coherent reform strategy lately. This difficulty is most manifest in the case of state-owned enterprise reform, which is floundering.
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Two Trains Running: Supply-Side Reform, SOE Reform and the Authoritative Personage
