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A squeezed China is trying to wring more from its state assets

Yueyang, a city in Hunan province, is famous for its tower, an elegant three-story pavilion immortalised in millennium-old prose still memorised by schoolchildren. But these days it is the streets around the tower that matter more, at least for those concerned with Chinese governance. They feature an ambitious project to revitalise the city. More than that, they represent a new turn in China’s economic management, as officials try to ease fiscal straits by squeezing more out of state assets.

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TagsThe Economist Trivium China’s Hunan Jilin

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