Alan Greenspans China Views Shifted From WTO Optimism to Warnings on State Control

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Former Federal Reserve Chairman Alan Greenspan speaks to The Economic Club of New York on April 28, 2014. Spencer Platt/Getty ImagesNews AnalysisAlan Greenspan’s China record shifted from support for market-opening policies, such as permanent normal trade relations, to later warnings about the persistence of state-directed finance, administrative controls, and China’s hesitation to allow companies to default.

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