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2010-06-14

True picture of China's economic issues is far from clear

Comments on “Private sector investment in China: Unshackling the engine of growth”, Special Report by EAF team, ANU, 13/06/2010, http://www.eastasiaforum.org/2010/06/13/private-sector-investment-in-china-unshackling-the-engine-of-growth/
It is very strange that the private sector in China even does not have the same access to industries as foreign companies.

It is sometimes also difficult to understand some Chinese statistics and studies. For example, while the statement in the second last paragraph may have its basis or facts, it is not certain how comparable those facts are.

Clearly, many complaints have been made to the fact that many SOE's pay much higher salaries to their employees. At the same time, it is also reported that workers in many companies are not paid enough.

That is contributing to many social problems, such as income distribution and inequality, workers rights, long working hours and poor working conditions, low or no social securities.

SO, if relating all main economic issues in China and taking a holistic view, is the statement in that paragraph really meaningful? I am not that sure anymore as those researchers, although they are fairly reputable ones.

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