China Why can t China be considered a state which follows neoliberal policies or for that matter India In the case of India its policies are purely neoliberal privatizations of state assets deregulation reduction of tariffs more foreign ownership and they have worked China s policies are also extremely neoliberal allowing full repatriation of profits of foreign companies allowing foreign ownership privitization of state assets including hospitals schools and telecom companies reduction of tariffs stable currency policy allowing foreign companies to operate with no restrictions whatsoever allowing foreign investment with few limitations encouraging private ownership The truth is all of China s reforms are strictly neoliberal since they have made it into more of a capitalist country This is something opponents of neoliberalism don t want to admit since it completely undermines their position