"Government officials at all levels no longer have the space to make decisions on their own, economic activity is constrained and less dynamic and social freedoms have been squeezed."
"fragmentation of power" can mean different things in different contexts. It would be bad to try and "solve" it if the contexts its referring to are the beneficial aspects of China's semi-decentralized economy and semi-fragmented markets as those create more competition with more firms, more R&D labs pursuing far more lines of research inquiry, a far more diversified economy with all the parts of each sector in each of the nation's diversified geographic industrial clusters feeding off of each other with whole being better than the sum of the parts, along with more opportunity for more people, etc., etc.
Such a semi-decentralized economic setup will inevitably involve some amount of semi-political decentralization as well...
"China's aim is to correct the problems accumulated since the country began to liberalise: corruption, fragmentation of power, state capture, income inequality and the over-liberalisation of certain sectors”.
Right now, everything's hunky-dory.
And the author thinks Beijing has let this drag on too long. Fair enough. Noted. Let's revisit those areas next year and see if the economy is sailing as swiftly as it is now and the problems are abating to sustainable minima.
"fragmentation of power" can mean different things in different contexts. It would be bad to try and "solve" it if the contexts its referring to are the beneficial aspects of China's semi-decentralized economy and semi-fragmented markets as those create more competition with more firms, more R&D labs pursuing far more lines of research inquiry, a far more diversified economy with all the parts of each sector in each of the nation's diversified geographic industrial clusters feeding off of each other with whole being better than the sum of the parts, along with more opportunity for more people, etc., etc.
Such a semi-decentralized economic setup will inevitably involve some amount of semi-political decentralization as well...
"China's aim is to correct the problems accumulated since the country began to liberalise: corruption, fragmentation of power, state capture, income inequality and the over-liberalisation of certain sectors”.
Right now, everything's hunky-dory.
And the author thinks Beijing has let this drag on too long. Fair enough. Noted. Let's revisit those areas next year and see if the economy is sailing as swiftly as it is now and the problems are abating to sustainable minima.