Stephen Roach, senior fellow at Yale University and former Morgan Stanley Asia Chairman, on world economy and Sino-US economic relations, in Hong Kong on Wednesday. Photo: Xiaomei Chen

Ex-Morgan Stanley Asia head warns against ‘Japan-like’ approach to Chinese SOE reform

Although it is a ‘very important challenge’, Roach sees no risk of any imminent crisis if no major progress is made in the short term, adding potential lay-offs from this round of SOE reform is likely to be limited

Topic |   State-owned enterprises

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Stephen Roach, senior fellow at Yale University and former Morgan Stanley Asia Chairman, on world economy and Sino-US economic relations, in Hong Kong on Wednesday. Photo: Xiaomei Chen
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