SINGAPORE — Foreign businesses are finding that China's great wall of undelivered promises is crumbling as realism begins to replace complacency in Beijing. “The Chinese government is putting out serious money on restructuring and the Communist Party is deeply involved,” says Zafar Momin, head of Asian Automotive Practice at management consultants A.T. Kearney in Singapore. “I see clear evidence that authorities are ready to bite the bullet and not just give lip service to economic ...

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