Winter 2006:
Economic Policy
By Barry Naughton

Financial reform policies have moved ahead rapidly in the last year. At the same time, a mood of disillusionment within Chinese society has been seized upon by critics of reform. General criticisms of "neo-liberal" policies worldwide have fed into specific criticisms of the practice of selling shares in state-owned banks to foreign financial institutions. Vigorous debate has been joined, but thus far, the debate has had limited impact on economic policymaking, which is still dominated by technocrats. However, the official sponsorship of such "leftist" critiques has contributed to increased tension in Chinese leadership politics generally.

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