Tuesday, October 13, 2015
ANBOUND: Continue Economic Transformation with Market-Oriented Reform
ANBOUND
Currently, the Chinese economy is facing tremendous downward pressure and naturally, the Chinese government, too, is facing immense pressure to maintain stable growth. In such context, in order to save the economy, it is tempting for the Chinese government to change its direction and adopt measures such as government's interference, investment and credit expansion.
Anbound’s scholars point out the decision making departments should learn their lessons from the crisis in real economy and stock market. They should change their mind sets and adhere to market-oriented reform to avoid obstructing market clearing with their policy measures.
Market-oriented reform should be adhered to during the economic transformation.