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Let market decide in mining

China Daily | Updated: 2014-09-02 07:38

Among the many causes of the rampant corruption in Shanxi, one of the most important is power's decisive and unbridled role in allocating the province's rich coal-mining resources. To hit the root, what is needed is granting the market a bigger say in the allocation of resources and preventing power from seeking illegal gains. That applies to Shanxi and all other regions with natural resources.

Beijing Times, Aug 31

Shanxi used to pursue "bloody GDP" through extensive exploitation of natural resources such as coal, in this process a quite large number of senior officials derived ample profits and formed tight interest groups to maintain their source of illegal money. It is time to remove the interest groups and propel economic transition in the province.

Let market decide in mining

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