"China's Way: Firm, Gradual, Holistic"
Ricardo Melendez-Ortiz, Shanghai Daily | November 5, 2008
China’s economy is changing from a centrally planned to a market oriented system. ++ Its GDP has increased tenfold compared to 1978, not without creating causes of concern. ++ The government faces “imbalance of economy, overinvestment in tradable sectors and lack of development of environmental sectors.” ++ China has to reform its government structure and support a market economy. ++ It should “capitalize local initiatives by encouraging institutional and technical innovation” and introduce projects on the local level.
