Posted inBeijing, China, Middle East, Shanghai

Xi seeks to tame relations between center and periphery

What most Western pundits ignore about the Chinese economy is the strange relationship between local-government debt and its informing framework to the central government. The components of this relationship are not grounded in the rule of law, transparent markets or independent courts. Often, thuggish behavior in land grabs is compounded in failed public services. The […]

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