Springtime is coming so talk of reform is unfurling in China. Advocates of change have decided to target what they refer to as “vested interests”. Though they do not go so far as to define these publicly, their meaning is clear – big state-owned enterprises (SOEs) and those who benefit from the status quo and who are accused of standing in the way of necessary changes as a result. While calls for reform have come primarily from academics and China’s richest province of Guangdong, the...
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