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Modernising China

Tue 18 Apr 2017

Singapore

A breakfast discussion with the International Monetary Fund's Alfred Schipke and Rafael Lam on China's economic transformation. The discussion focuses on issues crucial in the country's transformation, such as state-owned enterprise reform, capital account liberalisation, and renminbi internationalisation.

State-owned enterprise reform remains the 'Achilles heel' for Chinese growth, delegates were told at an OMFIF breakfast discussion in Singapore. The Chinese leadership has long been aware that China has reached the limits of its old growth model and must now tackle land ownership, regulatory and productivity issues whist maintaining market resilience and instilling greater levels of market discipline.