Many core recommendations in the report echo complaints by the United States and others on China’s trade policies.
By Anna Fifield Anna Fifield Beijing bureau chief. Email Bio Follow March 1 at 8:01 AM BEIJING — China has delayed the publication of a report on its economy, written in conjunction with the World Bank, as it tries to tone down recommendations about reforming its state-owned enterprises and allowing more market-led principles to reign.
“We were trying to put out a road map that would provide China with a sustainable growth path,” said one academic, who was involved in the drafting of the report and asked for anonymity to protect his ongoing work in China. The follow-up report appears to have been even more difficult. Researchers worked on it throughout 2017, seeking advice from outside experts as well as staff from both organizations.
As the economy has slowed and the trade war has rumbled on, Xi has been lavishing subsidies on SOEs and extending huge credit lines to them, especially in strategic sectors like aerospace, energy, heavy industry and telecommunications. These companies have no need to turn a profit, giving them an advantage over competitors.
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