World Bank Cautions China About Looming Crisis- by Frank Langfitt

No country has grown so fast for so long as China. But a report out Monday from the World Bank and a Chinese government think tank says China must change the way it runs its economy — or risk a financial crisis in the future. China built itself into the world's second-largest economy by allowing market competition, but still funding and favoring its state-owned companies.

The World Bank says if China wants to stay on track, this has to end. That might be easy to say but there's huge amounts of vested interests in China. It's pretty safe to say that anyone that benefits from how things are today will be pushing back against reforms and that large very powerful state-owned enterprises and that's various ministries which derive their power-bases from managing this economy.

For more: World Bank Cautions China About Looming Crisis : NPR