China’s planned economic reforms are poised to reshape the competitive landscape, allowing private companies such as Alibaba Group Holding to compete with state-owned banks and easing the one-child policy to bolster demand for products from Nestle to General Motors.Plans to change the nation’s financial sector include a new registration system for initial public offerings and allowing qualified private investors to set up small-to-medium sized banks.

Source : http://economictimes.indiatimes.com/news/international-business/chinas-planned-reforms-to-throw-open-economy-to-private-companies-like-gm-and-alibaba/articleshow/26059263.cms

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