In a drive spearheaded by Premier Li Keqiang, the Chinese government is revamping the country's vast state bureaucracy.
The goal, described as "redefining the relationship between the government and the market," is to move the country still further from its centrally controlled past toward a more market-oriented economy. These much needed reforms are a vital component of efforts to restructure the economy and avoid the so-called middle-income trap. However, reform is a word that has often been bandied about: Will it be followed by implementation this time?
