Transcripts for CNN Fareed Zakaria GPS 20130721 17:04:00 : v

CNN Fareed Zakaria GPS July 21, 2013 17:04:00

and sectors that resist any change. can beijing turn off the tap in the face of opposition from economically powerful groups, many of whom are politically well connected, even related to members of its polit bureau. it could be made by its leaders. li keqiang has given speeches that would open up sectors of the economy to the market, reduce the state's role, provide incentives for domestic consumption. the question is whether these goals can be met and whether the reforms will be implemented after opposition gathers, as it surely will. reform is hard in any country, as can be seen from italy to brazil to india, countries are very reluctant to impose short-term pain for long-term gain. china has been the exception to this rule, but now it faces its biggest test.

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