When it became clear that China was not going to avoid the global economic slowdown, the government was quick to react with a stimulus package. But Beijing's decision to inject money into the economy does not mean that the regulatory environment will ease significantly to also make it easier for private or foreign firms to invest.
Maurice Hoo, partner at law firm Paul Hastings, sees tension between the long-term economic plans of the central government and the shorter-term stability goals that, while still a major concern for Beijing, are sometimes an even more immediate issue for local governments.
I do not necessarily expect the central government to change its course with regard to...
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