Zoellick – China needs major economic reform

The President of World bank, Robert Zoellick, has warned that China needs a major economic reform. He said, ‘This is not the time for just muddling through. It’s time to get ahead of events and to adapt to major changes in the world and national economies.’

China has been muddling through for the last 3 or 4 decades and has transformed itself from a poor third world country to the second largest