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The World Bank report offers [China’s reformers] a strategic description of the way forward rather than policy prescription. Its six strategic directions for China’s future are:

Completing the transition to a market economy;
Accelerating the pace of open innovation;
Going “green” to transform environmental stresses into green growth as a driver for development;
Expanding opportunities and services such as health, education and access to jobs for all people;
Modernizing and strengthening its domestic fiscal system;
Seeking mutually beneficial relations with the world by connecting China’s structural reforms to the changing international economy.

via China Bystander | 中國外人.

Hillary Clinton has urged developing nations to be “smart shoppers” when accepting foreign aid from China and other new donors, as she became the first US secretary of state in more than 50 years to visit Burma on Wednesday.

In Rangoon, Mrs Clinton warned that powerful emerging economies may be more interested in exploiting natural resources than promoting real development.

“Be wary of donors who are more interested in extracting your resources than in building your capacity,” she said. “Some funding might help fill short-term budget gaps, but we’ve seen time and again that these quick fixes won’t produce self-sustaining results.”

via Clinton warning over aid from China – FT.com.

Tag: developing nations

China Bystander: World Bank report | 中國外人

Clinton warning over aid from China – FT.com