Latest from James A. Dorn
China must recall how a lack of openness in goods and ideas handicapped development in the Mao era. This is also a good time to remember those such as Zhao Ziyang, who recognised the need for political and economic reform.
China must recall how a lack of openness in goods and ideas handicapped development in the Mao era. This is also a good time to remember those such as Zhao Ziyang, who recognised the need for political and economic reform.
A long-term strategy would be to show China that a free market in ideas is far superior to “socialism with Chinese characteristics”. The moral force of the voices of freedom and limited government should not be underestimated.
A long-term strategy would be to show China that a free market in ideas is far superior to “socialism with Chinese characteristics”. The moral force of the voices of freedom and limited government should not be underestimated.
Beijing's decision to allow more flexibility in the daily trading band for the yuan-dollar exchange rate, along with the announcement that the People's Bank of China will soon allow banks to pay higher interest rates on deposits, are positive signs that the leadership is serious about giving markets more play. Ending financial repression, however, will require political as well as economic reform.
Beijing's decision to allow more flexibility in the daily trading band for the yuan-dollar exchange rate, along with the announcement that the People's Bank of China will soon allow banks to pay higher interest rates on deposits, are positive signs that the leadership is serious about giving markets more play. Ending financial repression, however, will require political as well as economic reform.