China warns officials to prevent social unrest, East Asia News & Top Stories - The Straits Times: "In cases of social unrest, officials will be reprimanded with a circulated notice, summoned for talks, given a deadline for improvement, ordered to resign or be dismissed, according to the regulation. In the worst-case scenario, officials could be prosecuted for criminal offences, said the regulation issued by the General Office of the Communist Party of China (CPC) Central Committee and the General Office of the State Council."
China’s Next Stimulus by Yu Yongding - Project Syndicate: "China is not facing a choice between Keynesian stimulus or supply-side reform, but rather a challenge in balancing the two. In order to avoid a hard landing that would make structural adjustment extremely difficult to implement – not, it should be noted, to prop up growth – another stimulus package that increases aggregate demand through infrastructure investment is needed."
China’s High-Income Future by Erik Berglöf - Project Syndicate: "there is good reason to believe that China can succeed, given that the country’s economic history indicates an impressive capacity for transformation. Of course, China’s economy has come a long way since Deng Xiaoping initiated the policy of reform and opening up in 1978. But even in more recent years, the skill content in China’s output has improved radically, and resources have been successfully transferred from agriculture to the services sector, rather than to the manufacturing sector, where large state-owned firms still dominate many industries."