DW Business - News October 19, 2017
Promises. Privatization and a more open economy five years ago that was chinese president xi jinping his plan for economic reform. More free market less state control many hope that would mean the breakup of state owned companies. Opening the door to more private businesses. Allowing the currency to float and a fight against corruption. But five years on many are disappointing. And there have been some successes in recent years chinas leadership is again promoting economic nationalism. The countrys huge state owned enterprises are once again determining the communist party strategy. Thats true...