“The 100-day action plan is a cooperative plan based on the principle of mutual benefits, and the deal is not ‘a list or plan of one side’s concessions’.”
Vice-Finance Minister Zhu Guangyao confirms initial results of a 100-day action plan for China-US comprehensive economic dialogue, reported by news portal Caixin.com.
“As the market currently faces overcapacity and ‘prisoner's dilemma’ scenarios, the key to solving these problems is equilibrium of supply and demand as well as acquisition.”
Yao Yudong, chief economist of Dacheng Fund and former director of Financial Research Institute of People's Bank Of China, argues for the upgrading of the manufacturing industry at the Financial Street 88 forum in Beijing, reported on Xinhua news site www.sike.news.cn.
“One reason for many problems in the China National Cereals, Oils and Foodstuffs Corp (COFCO) is its management system; another is the large scale of national grain purchasing and storage, which have a large number of agents as well as lots of formalities.”
An article on Caixin.com argues that problems with COFCO, which has recently seen tens of thousands of tons of grain go stale, are due to its management system.
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