PBOC gov talking at a Beijing forum on structural reforms
- govt should play a role when markets fail
- govt should play a bigger role in a sector where markets fail
- govt pricing not always better
- fuel prices an example of govt pricing
- price distortion exisits in market
- interest rate, exchange rate related with pricing
- some countries over rely on fiscal, monetary policy
- exchange rate reflects trade-weighted supply,demand
- transfer of capacity linked to employment
Yada yada yada.
