ML-Implode News - China Has Returned to Reform Mode; Next Up: State-Backed Dinosaurs

This week, plans have been unveiled to quicken the clean-up of excess capacity in state-backed companies, level the playing field for private and foreign investors with new access to previously off-limit sectors, and take the next step in a long-awaited fiscal shake up.
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Chinese leaders in 2013 charted an ambitious plan to add market forces in the economy, with reform measures aimed at doubling the size of the economy by 2020 from 2010's level. Progress has been made in some areas, such as the scrapping of the one-child policy and interest-rate liberalization, and slower in others, with bloated state-owned enterprises still having advantages over private players in many sectors.

Almost three years since the Third Plenum overhaul was laid out, the government has to quicken the pace of change or reforms won't be wrapped up in time, said Mizuho's Shen.

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China Has Returned to Reform Mode; Next Up: State-Backed Dinosaurs