China: Bracing Itself For Financial Turbulence (Miguel Otero-Iglesias, Eurasia review - Elcano Royal Institute)

12.03.2014 07:21

According to a popular Chinese proverb, ‘You should cross the river by feeling the stones’, which means that one should avoid making radical moves that might lead to danger. The Chinese government has applied this to its economic reforms over the past 30 years and is doing so now in its goal to liberalise its financial system.