The NPC's Reform Agenda

We're going to see the retirement of some pretty effective technocrats people like Leo He, Egon, as the head of the central bank. These are people who have been friends of ours and we'll find out during the national people's congress. Some of the names that have come up are of people who seem to be party loyalists but some of them also seem to have a tradition of having worked in provinces or in areas where they did encourage the private sector to play an important role. But certainly there's been at least modest progress in terms of hardening the budget constraints and S.O.E.s but a lot more needs to be done.