Li Urges Paring State Role to Fuel 7.5% China Growth Until 2020

Li Urges Paring State Role to Fuel 7.5% China Growth Until 2020

Tomohiro Ohsumi/Bloomberg

People wait for the daily flag-lowering ceremony at Tiananmen Square in Beijing. State-owned companies and the country’s new wealthy class may stand as barriers to change after benefiting from controls on borrowing and savings rates, underpriced resources and the absence of property taxes.