China's elite worry about lack of reform

A panel of Chinese government officials and business leaders complain that a lack of reform and too much government interference are threatening China's development.

The biggest threat to China’s economy in 2012 is a lack of timely and thorough reform of the financial market and political system, Chinese government officials and business leaders concluded at the Asia Financial Forum in Hong Kong yesterday.

This year is likely to be challenging for the world’s fastest-growing economy. As uncertainties in global markets and weakening demand from Europe and the US erode exports, so China needs dynamic systems to ensure its resilience...

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