Domestic Policies
TOPIC:
Tools » Institutions » National » China » Dom. Policies
Category
articles
Date
2012-11-14
Actor
Lam, Willy
Source
CNN
Uploaded date
2012-11-14
Uploaded by
Charlotte Dam-Schmidt
Link
Ideology, Vested Interests: Why China's Reforms Have Hit Brick Wall
"Politically, the CCP must preserve its near-total monopoly on power. And while aspects of the economy are being integrated with the global marketplace, about 120 yangqi or centrally-held enterprises will continue to enjoy monopolies over key sectors, ranging from oil and gas to banking and telecommunications ... Reform has become nigh impossible because any change of the political or economic status quo will threaten the vested interests -- and finances and earnings -- of these near-omnipotent CCP clans." (Quoted from article)
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