China's reform of SOEs may look a little odd to the West: Goldman

HONG KONG (Sept 9): China’s desire to improve the efficiency of its state-owned enterprises (SOEs) is real, just don’t expect the reform process to follow a Western model.

That’s the view of Goldman Sachs Group Inc.’s Chief Economist for Asia Pacific, Andrew Tilton.

"While there’s certainly a desire to improve the efficiency of those SOEs, it’s not clear that the meaning of reform is necessarily what some western observers or others might think of as market-oriented reform," Tilton said in an interview in his Hong Kong office.

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