China Quote by Zhang Xin

“China reformed its state sector before, in the late 1990s. Tens of millions were laid off at the time. That was scary and we had warnings of social unrest. But it did not happen. Instead, there was a restructuring in our economic system. I am not sure if China will follow a Western playbook in…” quote by Zhang Xin — Download Open image

“China reformed its state sector before, in the late 1990s. Tens of millions were laid off at the time. That was scary and we had warnings of social unrest. But it did not happen. Instead, there was a restructuring in our economic system. I am not sure if China will follow a Western playbook in this respect.”

Zhang Xin

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China Economic Economic system Economic systems Happens Ifs Laid off Late Millions Not sure Playbooks Restructuring Scary Social Social unrest States Unrest Warning Western

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