The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

On track to be a superpower

China’s economy continues its fast growth and its leaders appear firmly committed to continuing reform, as the country prepares for entry into WTO which may attract further substantial foreign direct investment. But the past 20 years of reform have been comparatively easy, having been imposed by an all-powerful central government on a closed economy. Now China must begin to compete globally and to cope with political tension at home arising from the uneven distribution of the benefits of reform. Phillip Moore reports

Stephen Roache, Morgan Stanley Dean Witter's chief economist, wondered if jet lag was clouding his judgement. It was June, and his ninth trip to China in 27 months. But this was a visit with a difference. There was unmistakably more openness.


       
Jiang Zemin: convincing foreign investment bankers of China's commitment to reform

Roache was one of 500 participants invited to a forum held once every Five years by the Chinese People's Political Consultative Conference (CPPCC), although of the 500 only 30 were foreigners, only three were American and Roache was the only representative of a US investment bank.


Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree