China’s avoidance of market rules have given rise to bloated, wasteful and debt-laden state-owned enterprises that continue to be funded despite their lack of merit. An overhaul of these must be on tap to improve the country’s stagnating e
Tag: market competition
-Commentary- BEIJING — Seeing a strategic opportunity to dilute the global monopoly of the three major credit rating agencies, China and Russia recently announced plans to establish a joint credit rating agency. The idea is that it would evaluate Sino-Russian cooperation projects, then eventually enter the international market. But there is a deep divide between […]