According to a recent New York Times article, China’s government decided to take actions to have more control over their country’s economy. By gaining more control over the economy, China will be able to decrease the amount of pollutions caused by industries. A new committee would be formed that is similar to the National Security Council in the United States. This new committee would serve to assists the leaders on national security and foreign policies. In other words, this would allow China more defined control over trade with other countries over seas.
It is already evident that China is one of the biggest markets that involve foreign trade in the world. Thus by regulating this huge economy, it would definitely place a lot of limitations on the market thus possibly slowing down the economy. However, there are good sides to this situation that many people do not realize. This would benefit the society as a whole because there would be less illegal trades and there would be a decline in pollutions from industries. Similar to events held by Lululemon that benefit the community as a whole, but may not benefit the company itself as much.
Sources:
http://www.thehindubusinessline.in/2005/05/03/images/2005050300210901.jpg