Chinese economy won't collapse - but SOE reform doubtful
Senior management at state-owned enterprises have obvious vested interests in their units not being merged with one another.
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IF, AS some bears claim, China is in the midst of economic collapse, the country is hiding it well. We come away from a week in China feeling, if not optimistic, at least reassured that things are not so much worse than the data is telling us.
Corporates, analysts and officials were candid about many of the challenges faced, but there is little evidence of a crisis at present.
But while current activity seems to be holding up, we remain concerned about the years ahead given some of what we heard.
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