If all goes according to plan, the Shanghai free-trade zone will be up and running less than three months after Li first announced his intention to create it.Do the math. The debt is a huge, huge problem. The only way out for China is for some major reforms. The Shanghai free-trade zone is but a small step. This is why the leadership is working hard to clear out the opposition.
The project should help to showcase Li's economic reform-based philosophy, coined "Likonomics", which Barclays economists describe as a three-pronged strategy: no stimulus, deleveraging (reducing the percentage of debt) and structural reforms.
Li fought open opposition from financial regulators to push through the Shanghai plan, losing his temper at one meeting inside party headquarters at Zhongnanhai, which was reported by the Post on July 15.
王毅访新西兰、澳大利亚 双边关系现稳定进展
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中国外交最高级别官员王毅18日访问了新西兰,进行新西兰新保守派政府上台以来的首次访问。他还将于20日访问澳大利 […]...
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