If China has a blueprint for banking reforms it is that there should be no blueprint. The experimental approach which has characterized economic reform for almost 20 years continues to be the preferred way forward for Beijing’s planners.
“The Chinese have always religiously stayed away from overall plans and timetables,” says Pieter Bottelier, chief of mission at the World Bank in Beijing. “They have a general direction in mind and then leave the details to the market situation and needs.”
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
