The unfair tax burden on the middle class is not only a major obstacle to the government’s efforts to boost domestic consumption, but has also limited the expansion of the middle class, which is considered the backbone of the country’s social stability and prosperity
The problems might be local, but they have national roots, such as the institutional barriers that keep migrants from accessing family services where they work, and the poor education and social welfare systems in China’s vast countryside.
By expanding the FTZs to inland and less-developed provinces, where the level of local governance has lagged behind the prosperous coastal region, it could propel the deepening of regulatory reform in these regions, thus providing new sources for growth.
To bring development of the real estate industry back on the right track, the government has to stop flip-flopping between restrictions and laxity, and move away from short-term goals
China is not fully utilizing its sports facilities, which are already fewer in number than those of other countries, relative to China’s huge population.
China is not trying to export its political system, but to offer alternative or complementary solutions to various problems the world is facing