China utilizes its banks, choosing growth over reform
Article Abstract:
The Interest rate policies of the Chinese government bears watching for it is a sure signal of the commitment of the government for free-market reforms. One alarming development in the Chinese economic scene is the decision of the government to increase deposit rates and decrease lending rates. This development, coupled with a directive to Chinese banks by the government to lend to regional governments and infrastructure projects is a clear indication of the Chinese government's decision to prioritize economic growth over economic reform. A move in this direction may jeopardize investments from the international community, and halt the reform of the Chinese economy, which could also lead to a slowdown.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Is Keizo Obuchi Japan's low-key reformer?
Article Abstract:
The potential of newly-elected Japanese Prime Minister Keizo Obuchi in igniting the economic recovery of Japan lies not in his experience in managing economic matters but more on his ability at political consensus-building which will ensure the passage of economic reform legislation. Obuchi's Liberal Democratic Party has committed itself to fiscal reform, which is most important if Japan is to realize itself out of its banking industry mess. Obuchi's ability to hold the party to this course of legislation, as well as some in the opposition party, will ensure the passage of important economic reform bills, which will institutionalize economic recovery.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Comment about this article or add new information about this topic:
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