Fri, 22 Mar 2013 17:00:00 GMT | By AFP

Economic liberalisation slowing in China: OECD

The OECD report says that China should focus on emerging sectors over the next few years and remove policy impediments to investment


Economic liberalisation slowing in China: OECD (© Reuters)

Beijing: Economic liberalisation has slowed in China, the OECD said in a major report Friday, urging the country's Communist rulers to step up efforts to level the playing field for state-owned and private firms.

A long-standing commitment to looser control has boosted productivity and efficiency in the economy, the Organisation for Economic Cooperation and Development said in its Economic Survey of China, which also tipped growth this year of 8.5 percent.

But progress on opening up has stalled since 2008, the advanced economies' policy forum said, as Beijing relied on big-ticket government projects to ward off the impact of the global financial crisis.
 China's leaders have repeatedly pledged to refocus the economy towards domestic consumer demand, rather than relying on exports and infrastructure investments.

(Continued)
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