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China 's reforms are usually greeted with acclaim, but these changes are causing problems for businesses. Last March the government set up a new Ministry of Commerce, a new banking supervision commission and a new commission to manage state-owned assets. Months later they were still assembling staff and defining missions.
Constantly changing regulations, bureaucracies and reporting relationships make business planning difficult. WTO changes will make this the norm.
See also section 3 – Bureaucracy.
See also section 5 – WTO regulations. |
