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In China, Expectations Growing for Bold Reforms

In China, there are signs that the top leaders at a closed-door summit in Beijing are considering major changes for the country's powerful and politically connected state owned enterprises. The state-owned enterprises, or SOEs, dominate large parts of the Chinese economy and have long been viewed by critics as obstacles to reform and private enterprise as well as sources of corruption. Without getting into specifics, an editorial Monday in the People’s Daily newspaper, a mouthpiece...

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