Earlier this month, China’s leading-party bigwigs announced a package of economic reforms. Alongside assurances to change the one-child policy and alleviate harsh residency laws, a number of financial measures were promised. State-owned banks face competition from the private sector, interest rates will be deregulated and capital controls relaxed. On paper, the reforms should satisfy the most ardent exponent of free markets, but their practical consequences might be less welcome.
本月早些時候，中國執政黨的高層人物宣佈了一系列經濟改革方案。除承諾改變獨生子女政策和放寬嚴格的戶籍制度之外，他們還許諾了多項金融措施。國有銀行將面臨民營銀行的競爭，利率將得到鬆綁，資本管制也將放鬆。字面上，這些改革應當能讓自由市場的最強烈支持者滿意，但其實際效果可能不那麼理想。
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