A tale of two economies and two currencies

A recent fortnight’s visit to China in April, to better understand the progress it has made with public and corporate governance, was startling in its revelations. Having been to China many years earlier, to advise the State Commission on Reform of the Economic System (Ti-Gai-Wei) in1988-1994, it was amazing to realise in retrospect that, over the last two decades, much of the advice given then had actually been taken and applied.

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