The Chinese banking system is without equal when compared to any other country’s banking sector, as it is still under the control of the Chinese communist regime, and true [...]
WASHINGTON—A Chinese economist who has for decades fought for free market ideas in the communist state had his life’s work rewarded on the night of May 4, winning a prize [...]
When Wen Jiabao investigated business conditions in Guangxi and Fujian provinces, he appealed for reform of the financial system to break the monopoly of state-owned banks.
China’s economic reforms have reached a critical point, and the economy designed to support the Communist Party’s rule now calls that rule into question.
Real estate transactions in China were scant during the first quarter of 2012—mostly due to regulation from the central government, forcing the market to hit the bottom. [...]