A partially shuttered clothing store in Huizhou, Guangdong province. If the rate of return on China’s state net assets can be improved by 1 per cent under professional management, GDP could be increased by an estimated 1.5 percentage points. Photo: Bloomberg

How China can rewrite the balance sheet for its own gain

Andrew Sheng says the central government, grappling with an internal debt issue, can afford to transfer some state assets into the people’s hands, which would create wealth

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A partially shuttered clothing store in Huizhou, Guangdong province. If the rate of return on China’s state net assets can be improved by 1 per cent under professional management, GDP could be increased by an estimated 1.5 percentage points. Photo: Bloomberg
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