China has the right govt size

But it needs better governance, higher public sector efficiency, and has to review central-local government economic relations

China has adopted the 12th Five-Year Plan (2011-2015) to address its existing and emerging development challenges that include making the economic growth pattern more sustainable through economic restructuring and rebalancing. This commits the government to an active role in the country's next phase of development.

China's economy has rebounded strongly from the global financial crisis with a highly impressive 10.3 percent growth in 2010. The country has replaced Japan as the world's second largest economy, too. The Chinese government no doubt has performed well in terms of implementing economic reform and ensuring continuous development. Its past economic records speak volumes of the role it has played.