07 октября 2014 14:51

Nazarbayev speaks of Perestroika and Chinese reforms

Mikhail Gorbachev. Photo courtesy of zn.ua

President of Kazakhstan Nursultan Nazarbayev have spoken about the final years of the Soviet Union and Gorbachev&rsquos Perestroika, Tengrinews reports from Samruk Kazyna Transformation Forum in Astana.

"I had to work in that system &ndash during the Soviet period, and I was one of the critics of Gorbachev's reforms who believed that socialism could be corrected and we could continue on with it. He had an expression - "socialism with a human face&rdquo. No one understands what it is. Probably, he meant the one close to the (market) economy,&rdquo Nazarbayev said.

He then continued: &ldquoBut if state-run companies are governed by corporate market principles, the problem, as you see, is successfully resolved." He added that state companies in China served as the most striking example for Kazakhstan.

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