local protectionism

Xi urges China’s provinces to be patient and fair in push for economic reforms

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Xi urges China’s provinces to be patient and fair in push for economic reforms

Chinese President Xi Jinping has called on provincial leaders to be patient about the pace of economic reforms and cautioned them against trying to solve problems hastily, according to party mouthpiece People’s Daily. He also urged them to break down the fences of vested interests in each province in favour of a national market and … Read more

China’s localities need ‘profound reform’ to draw investment, state newspaper says

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China’s localities need ‘profound reform’ to draw investment, state newspaper says

China’s localities should reduce their dependence on land and tax incentives and instead strengthen industrial chains and improve their business environments to attract investment, a state-owned newspaper has urged in a front-page commentary. Aggressive land deals, tax breaks and subsidies – frequently used to drive investment by local governments in past decades – have led … Read more