Beijing accused of private sector attack
Beijing is facing a growing backlash from prominent figures in business and academia over claims that there has been creeping renationalisation in parts of the economy during the last year. China’s economy has recovered sharply in recent months as a result of an unprecedented expansion of government-directed bank lending, which has largely been channelled to state-owned enterprises. However, critics say that the stimulus measures have also been accompanied by the state reasserting control over some sections of the economy, which could hurt the country’s long-term growth prospects. “Before the global economic crisis we still felt like we were moving continuously...
Original Article: Forum: News/Activism
Tags: Academia, Amp, Backlash, Beijing, China, Economy, Global Economic Crisis, Growth Prospects, Measures, Owned Enterprises, Private Sector, Stimulus, Unprecedented Expansion, X92, X93