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  • madmoneycramer madmoneycramer May 24, 2013 8:25 AM Flag

    Beijing Signals a Shift on Economic Policy

     

    OCH....China will go free market......a collapse is coming!!!!

    Beijing Signals a Shift on Economic Policy
    SHANGHAI — After years of relying on government spending to supercharge growth, China is planning to shift gears so that the private sector and market forces play a larger role in its economy, the world’s second-largest after that of the United States.

    In a bold speech to party cadres, the country’s new prime minister, Li Keqiang, said this month that the central government would reduce the state’s role in economic matters in the hope of unleashing the creative energies of the nation. On Friday, the Chinese government issued a set of policy proposals that appeared to be intended to show that Mr. Li and other leaders were serious about giving market competition and private businesses a bigger role in investment and setting prices

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