For some it will be sink or swim

Economics | Ed Zhang

Reform is going to be a big thing in the next few years - as indicated by the 60-point program adopted by China's leaders at the recent Third Plenum in Beijing.

But reform may not be a good thing for China's many listed companies. It is certainly not going to be as comfortable a business environment as one under government protection and monopoly. This is because many of these companies belong to the sclerotic status quo and are ill-prepared for change.