Economic questions continued to dominate April. Respected reformist Gao Xiqing 高西庆 stated current policy will see too many zombie firms survive, undermining policy rhetoric that would allow markets to kill them off. This was underpinned by more defaults of SOEs, and bleak export figures. Whether Tianjin’s or Henan’s efforts to restructure SOE debt will inform a national model remains to be seen. The surge of Chinese firms engaged in overseas M&As may well represent an overlap between ‘going global’ and capital flight.
April: foreign NGO law passed
April: foreign NGO law passed
April: foreign NGO law passed
Economic questions continued to dominate April. Respected reformist Gao Xiqing 高西庆 stated current policy will see too many zombie firms survive, undermining policy rhetoric that would allow markets to kill them off. This was underpinned by more defaults of SOEs, and bleak export figures. Whether Tianjin’s or Henan’s efforts to restructure SOE debt will inform a national model remains to be seen. The surge of Chinese firms engaged in overseas M&As may well represent an overlap between ‘going global’ and capital flight.