Bloomberg Daybreak Weekend: Economy, Budget, Xi
Bloomberg Daybreak: US Edition
00:00
China's Fiscal Reform
Shulie Ren: China's fiscal reform in the early 1990s left local governments with less money. She says it was more about political control or getting rid of the dirt in the system. Ren: Many researchers say that this will mean more party officials at the helm in a lot of state-owned institutions.
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