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Economic growth Quote by Arthur R. Kroeber

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““But of course many individual economic reforms require the state to give up some power. Streamlining the SOEs means a big reduction in the state’s ownership of assets. Financial liberalization means cutting the government’s ability to direct capital to its favored projects. The enduring dilemma of party-driven economic policy is how much and what kind of power are Chinese leaders willing to sacrifice, in exchange for how much and what kind of economic growth?””

Arthur R. Kroeber

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