International enthusiasm for the AIIB is challenging US, EU and Japanese domination of the international financial order. At home, accusations that reform has stalled are soothed, without ceasing to simmer. A multi-front battle to centralise control over incorrigible localities and SOEs remained the unifying theme of March’s Two Meetings. The detainment of senior provincial Party official Qiu He 仇和 signals an official break with GDP-led urban development, while the MoF redoubled its effort to erode the shady financial arrangements underpinning this model. Note also the dog that failed to bark: a central SOE reform plan has yet to see the light of day. ‘It’s time to dismantle the Party-state Ltd’, asserts veteran reformer Wu Jinglian 吴敬琏.
March: AIIB: China's game changer
March: AIIB: China's game changer
March: AIIB: China's game changer
International enthusiasm for the AIIB is challenging US, EU and Japanese domination of the international financial order. At home, accusations that reform has stalled are soothed, without ceasing to simmer. A multi-front battle to centralise control over incorrigible localities and SOEs remained the unifying theme of March’s Two Meetings. The detainment of senior provincial Party official Qiu He 仇和 signals an official break with GDP-led urban development, while the MoF redoubled its effort to erode the shady financial arrangements underpinning this model. Note also the dog that failed to bark: a central SOE reform plan has yet to see the light of day. ‘It’s time to dismantle the Party-state Ltd’, asserts veteran reformer Wu Jinglian 吴敬琏.