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Over the past 30 years, sustained investment in scientific enterprises, reform of China's university system, and dynamic research and development growth have moved China from a backwater to a leader in applied science.
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President Salinas' administration privatized state enterprises, reformed agriculture, mended church-state relations and ushered in the North American Free Trade Agreement.
Since companies need management autonomy to take advantage of them, Mr Vidal thinks it is "positive" that currency and enterprise reform are happening together.
Despite calls from within China's leadership to bolster consumption and encourage private enterprise, reform has been slow in recent years.
China's 10-year-old stock markets, while still immature by Western standards, have played a key role in financing state-enterprise reform.
Loans that local-government leaders oblige banks to make to their favoured enterprises come on top of that.Financial crisis loomsThe huge increase in the banks' lending represents the price of delaying serious state-enterprise reform (see chart).
Ironically, the move towards a single currency may involve several exchange rates, and thus fresh distortions and room for corruption.Currency and enterprise reform are fiendishly complex and take time.
Unirule has been stripped of its official registration.Cao Siyuan, another liberal economist who runs a private consultancy, says the attacks on neo-liberalism have coincided with a marked slowdown in the pace of state-owned-enterprise reform.
For those who are benefiting from the multibillion dollar criminal justice enterprise, reform is the bottom line.
New enterprise reforms are the only antidote.
Third, China needs a new round of state-owned enterprise reforms.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com