What restructuring is needed? Can you share examples?

closing down a few SOEs that have excess corporate debt, liberalisation of the services sector so new firms can more easily enter this sector and operate with fewer restrictions, streamlining of the tax and public expenditure systems, and easing of restrictions on labor mobility within and across provinces.

The U.S.-China Economic and Security Review Commission’s hearing on China’s 13th Five-Year Plan has excellent discussions on the topic.

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