The yuan's acceptance among investors would also require the kind of reform China needs to wean its economy from its investment-heavy, export-oriented growth model.
The most important factor pushing reform is China's large and growing urban-rural income disparities.
Health care reform in China reflects a sea change in demographics and social structure.
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His research interests include economic reform in China, U.S. fiscal and monetary policy, and constitutional political economy.
An associated reform of China's economy is the creation of more efficient (and ultimately safer and less polluting) means of private production, especially of food.
U.S. Treasury Secretary Henry Paulson has made energy and financial market reform in China a focus of the "Strategic Economic Dialogue" between Washington and Beijing.
Dr. Doug Guthrie, Dean, Professor of International Business and Professor of Management at the George Washington University School of Business is an expert in the fields of economic reform in China, leadership and corporate governance, and corporate social responsibility.
According to Professor Wang Xiaolu of the China Reform Foundation, this is definitely not the case.
The top political official in attendance will be Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, China's economic planning body.
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The bond quota issued by the National Development and Reform Commission, China's top economic-planning body, will be used to help the ministry finance the maintenance and construction of a rapidly expanding railway network.
The main complaint was not the U.S. and European economies, but about taxes and fees charged by local governments, regional protectionism and tight credit, said Fan Gang, director of the National Economics Research Institute at the China Reform Foundation, which compiled the data.
Although reform is necessary if China is to achieve successful urban-rural integration and advance its development, it should be handled with extreme care by Chinese policymakers.
Nonetheless, when China began its economic reform program, Coca-Cola was one of the first international companies to understand the inherent potential of the vast China market and returned to the country in 1979.
He says China needs to reform its regulatory regime to promote market competition and boost efficiency.
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"It'll certainly benefit China's reform process, " says Kevin Zhang, Beijing manager for the accounting firm Price Waterhouse.
However, it said that these issues can be addressed it China continues to reform key sectors in the near future.
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Mr. FINKELSTEIN: Now after over 20 years of so-called reform and opening up, China is re-emerging as a significant actor in international relations.
He voted against missile defence, normalising trade with China, welfare reform, education reform and his own party's changes to the estate tax.
However, instead of abandoning the SOE, China sought to reform it.
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China's remarkable four decades of economic reform and growth have catapulted it to wealth and power -- China is a global power, with global interests.
Ms Fu says China has already found its path of political reform and that it is "unfair and inaccurate" to say China will go nowhere if it does not copy other countries' models.
Recognizing that SMEs are the main drivers in any economy, though, China has begun to reform its banking sector, starting with the Wenzhou reforms announced in April, in order to provide them greater access to capital.
China needs a "renewed reform momentum" to sustain long term growth, the Organisation for Economic Co-operation and Development (OECD) has said.
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Many of its complaints hark back to those of foreign companies that entered China at the dawn of the reform era.
China is now taking steps to reform its education system, while at the same time, many more Chinese are being educated abroad, only to return to China to establish their companies.
Instead, he spent the summer and fall slowly rebuilding the consensus behind the reform movement, patiently pushing the argument that China could not overhaul its inefficient state-owned enterprises without opening up further to international competition.
After 30 years of economic reform and catching up, I would argue that China, as a country, is just now reaching the top of that wall.
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