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CRN: Clear Road Map Needed for Upgrading China’s Economy

China Review News (CRN) recently published a commentary discussing how to realize Chinese Premier Li Keqiang’s “Upgrading of the Chinese Economy.” The commentary suggested that Li apparently acknowledged concerns about the low efficiency and the high risks associated with the current Chinese economy. The commentator referred to a large quantity of data to demonstrate the “as-is” version of the economy as well as the “to-be” version, which is based on world leaders like the United States. However, the pathway between the two ends remains uncertain. The author offered some suggestions focusing on areas like financial market reform, research and design, system integration, privatization, high-end manufacturing, and new government policies. The article called for a clearer road map for the “Upgrade.”
Source: China Review News, April 4, 2013