Zhu Rongji’s “Big Move”
How did the late premier convince local governments to surrender fiscal revenues to Beijing? In an extract from his recent book, Authoritarian Markets, Adam Y. Liu explains how Zhu played his trump card — letting local governments set up their own banks. The post Zhu Rongji’s “Big Move” appeared first on The Wire China .
We haven't written up this one. The Wire China has the full story — the link below goes straight to it.