China's reforms continue to be slow, safe and steady
Beijing has gone in for gradual progress on many fronts
Tue, May 06, 2014 - 6:00 AM
[BEIJING] Six months into China's grand economic makeover, Beijing is playing it safe, choosing gradual progress on many fronts over game-changing, riskier reforms such as removing all controls over bank interest rates.
Yet taken together, the incremental steps promise to reach enough...