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World Bank Chief Urges Reforms for Beijing

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World Bank Chief Urges Reforms for Beijing

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Efforts to strengthen the currency are being resisted by export interests. Inflation is hurting consumers who are limited to earning 2.75% interest on savings, with the interest rate spread designed to help banks earn their way through bad loans made during the stimulus lending binge. A massive reallocation of resources away from consumers and towards lending to state-owned companies which create overcapacity in industries and engage in real estate speculation. Far from rebalancing the world economy this will affect internal growth in China.

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China Is Slow and Unbalanced

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Xi Jinping- Chinese Communist Party Leadership.

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Jinping is expected to succeed the current President Hu Jintao in China.

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Xi Jinping’s vision: Chasing the Chinese dream

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Xi Gives America Inc. a Reality Check

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Is China's Next CEO Good for Business?

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New Push for Reform in China

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State-Run Firms Are the Giants of China's Economy

Wall Street Journal 02/23/2012

China Urged to Continue Reforms for Growth

New York Times 02/23/2012

World Bank Chief Urges Reforms for Beijing

Wall Street Journal 02/27/2012


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