Advertisement Continue reading the main storyLingering problems: Any moves to open up have been overshadowed by tighter government control after a 2015 stock market crash. Banks continue to roll over loans to troubled borrowers and extend huge loans to politically connected borrowers, including influential private companies as well as state-owned enterprises. Advertisement Continue reading the main storyIndustrial OvercapacityReforms: China has modestly reduced its steel-making and coal-mining capacity. Advertisement Continue reading the main storyLingering problems: China’s state-run companies remain bloated and inefficient. Advertisement Continue reading the main storyLingering problems: The labor force will continue to shrink for decades, presenting a serious drag on economic growth.

Source: New York Times March 04, 2017 16:09 UTC