China's Unfinished Economic Revolution
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Nicholas Lardy
Nicholas Lardy's book concentrates on financial reform and the development of a modern banking sector in China, but his summary of the problems of economic reform in general, and the reform of the grossly inefficient and indebted state-owned enterprises, is masterful and clear.
Disagreeing with Naughton, who argues that economic reform will result from the natural growth of the non-state sector (see Growing out of the Plan, below), Lardy insists that unless the current reform programme is speedily and thoroughly implemented, there is a serious danger of financial collapse.
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China’s Sinopec has “golden opportunity” to expand oil assets in Angola
Johannesburg, South Africa, 6 Sept - Chinese state oil company Sinopec currently has a “golden opportunity” finally to expand its assets in Angola, getting closer to the positions held in the country by the large multinationals, said analyst Ana Cristina Alves.
After a long stalemate, the analyst said in the most recent edition of the China Monitor of the Centre for Chinese Studies at Stellenbosch University, this opportunity has emerged via the new tender for oil blocks, which is due to take place at the beginning of next year.
The Chinese company has pre-qualification for the long-awaited tender as an operator and Sonangol Sinopec International as a non-operator. [ more ] |
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