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Having come straight to the World Economic Forum from three weeks in Beijing, Shanghai and Hong Kong, it is immediately clear to me that there is a real commitment to develop new rules that promote sustainable development in China – and that this commitment is being backed up by significant investment in areas such as energy efficiency and clean energy through the latest five-year plan.
But the effort to develop new rules has been fraught.
The approach will also develop new rules for the firms to live by.
At its heart, the Goldilocks approach relies on real options to develop new rules.
"At least that is the way it seems to be shaking out as countries develop new rules on bank capital," The New York Times columnist Floyd Norris writes.
"The weirdness of travelling, carrying your house on your back, turning up somewhere where you're supposed to develop new rules in this artificial community.
Similar(33)
Like many professions today, software development is developing new rules for education and status identification.
The state health department is developing new rules.
The Federal Trade Commission announced on Thursday that it was developing new rules against manipulation of the market.
And it will involve developing new rules for fiscal and monetary policy.
The president's administration has also developed new rules for future coal plants.
More suggestions(15)
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com