China is restructuring the economy, moving away from its old export driven model towards a more dynamic one with new, cutting edge technology and industry.
Bachus has also questioned whether the restructuring of China National Petroleum Corp.
Meanwhile, time, corporate restructuring and exports to China have been great healers for the economy, putting the country into stronger shape to accept reform too.
Between 1995 and 2002 (the latest figures available) the number of such jobs fell by 15m in China, mainly due to the restructuring of inefficient state-owned enterprises.
Western officials have given that a lukewarm response, but there has been greater interest in China's proposals for a restructuring of voting rights at the IMF to allow developing nations more say.
China's civil aviation authorities submitted their restructuring plans for the 10 regional airlines to the Cabinet for approval on Monday, state media reported.
It is dubbed the "Outline for National Tourism and Leisure (2013-2020)" and is a roadmap for restructuring the current paid leave system across China with an aim to encourage governmental agencies, social organizations, enterprises and public institutions to promote the use of leave days.
The restructuring split the feed-distribution business in China between the newly formed East Hope Group, owned by Liu Yongxing, and the South Hope Group, controlled by Liu Yonghao.
In attempting its current restructuring, Acer faces a formidable Asian rival in China's Lenovo Group, which ranks a close second behind Hewlett-Packard Co. as the world's biggest PC maker.
It might be better for China to accept slow growth and continue to focus on rebalancing and restructuring its growth model.
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