Timid reforms won't spare China from major growth crunch

China’s rapid economic growth, and the development of Shanghai, Chongqing, and Shenzen into modern metropolises, might easily give observers the sense of a successful country, full of confidence. Clearly that is what President Xi Jinping wished to convey in presenting what one senior banker described as “the most comprehensive and ambitious reform plan in the history of the People’s Republic”.

Read Full Story>>