June 2010
Financial Reform: Making Capital Work
China’s economy will not rebalance until it begins to channel money to those who need it. Why is capital allocation inefficient, and what fiscal reforms are needed to make the financial system work better?
Also in this issue:
- Tom Miller finds that claims of countryside consumption taking off are premature
- Gavin Bowring digs into Shanxi’s coal industry
- Matthew Forney throws light on the hyper-production of China’s solar power sector – and finds an industry in disarray
- Arthur Kroeber reviews Richard McGregor’s The Party, the first account of the Chinese Communist Party for a general readership, while Tom Miller takes Peter Hessler’s Country Driving for a spin