The need for SOE reform is not unique to China:Vietnam,Malaysia,India,and Indonesia all have large public sectors .SOE reforms are needed across the region,but the necessary reforms vary by country:Asia has succeeded in the past .Such reforms will not only boost productivity growth,but also help curb financial risks and the inefficient allocation of capital .
20161212-HSBC-NOT_JUST_A_CHINA_STORY…:SOE_REFORM_IN_ASIA-749127.pdf
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