China's State-owned Companies Take Back Seat to Private Firms

September 24, 2014 12:21 AM
Listen
China's State-owned Companies Take Back Seat to Private Firms 1890551
This program will begin at 12:21 AM
This program has ended.

China's leadership has enacted various reforms over the past 30 years to move away from the dominance of state-owned companies and allow private enterprises to flourish. Nicholas Lardy of the Peterson Institute for International Economics says in his new book, 'Markets Over Mao,' that China has even more room to grow.