360° Coverage : Communist Party plenum: Much anticipation among Chinese

11 Updates

Communist Party plenum: Much anticipation among Chinese

Nov 8 2013, 6:44am CST | by IANS

Beijing, Nov 8 (IANS) As China's reform and opening up moves into its 35th year, the policy that lifted China's largely rural, impoverished economy to the world's second-largest economy has also sailed into "deep waters", leaving Chinese society and the rest of the world wondering whether and how China's reform will proceed.

Beijing, Nov 8 — As China's reform and opening up moves into its 35th year, the policy that lifted China's largely rural, impoverished economy to the world's second-largest economy has also sailed...

Filed under: news

YouTube Videos

 
 
 

42 weeks ago

Communist Party plenum: Much anticipation among Chinese

Nov 8 2013, 6:44am CST | by IANS

Beijing, Nov 8 (IANS) As China's reform and opening up moves into its 35th year, the policy that lifted China's largely rural, impoverished economy to the world's second-largest economy has also sailed into "deep waters", leaving Chinese society and the rest of the world wondering whether and how China's reform will proceed.

Beijing, Nov 8 — As China's reform and opening up moves into its 35th year, the policy that lifted China's largely rural, impoverished economy to the world's second-largest economy has also sailed into "deep waters", leaving Chinese society and the rest of the world wondering whether and how China's reform will proceed.

Chinese President Xi Jinping Nov 2 told a group of foreign members of the 21st Century Council in Beijing that China would firmly continue pushing ahead with its reform and opening up drive, Xinhua noted in an analysis piece ahead of the Third Plenary Session of the 18th Communist Party of China (CPC) Central Committee to be held Nov 9-12.

"The more developed China is, the more open it will be. It is impossible for China to shut the door that has already been opened. There will never be an end to reform and opening up," said Xi.

Xi, who is also general secretary of the CPC Central Committee, told the global think tank members that a blueprint of comprehensive reform would be put forward at the forthcoming plenary session.

Since China embarked on its reform and opening up in 1978, CPC third plenums have undertaken the same important task of enacting major economic reforms while also providing a window into the governance characteristics of the country's central leadership.

At the end of 2012, the Political Bureau of the CPC Central Committee held a group study on "unswervingly pushing forward reform and opening up", and Xi stressed that the party should improve reform policies by learning from the people and demand that achievements benefit more people in a fairer way.

The new central government, which was formed in March, has abolished or transferred 221 administrative approval items to local governments.

In July, China's central bank cancelled the floor on lending rates, and in September, the China (Shanghai) Pilot Free Trade Zone opened, providing a testing ground for the deregulation of interest rates in China.

China's gross domestic product growth accelerated to 7.8 percent in the third quarter, up from 7.5 percent in the second quarter, bringing an end to the slowing growth rates in the first half of the year.

Analysts say that, starting this year, China's institutional reform, which aims to streamline administration and decentralise power at its core, has produced more and more "dividends", playing an important role in the rebounding and upgrading of the Chinese economy.

After 35 years of reform and opening up, the once agricultural China now stands as the world's second-largest economy and top holder of foreign reserves.

With steady and rapid economic growth in the country, millions of Chinese have been lifted out of poverty. Half of its population now lives in cities, and farmers are now free from agricultural tax, which was abolished in recent years, and a social insurance system covering 1.3 billion people has come into shape.

Despite these changes, China is confronted with grave and pressing problems such as the urban-rural gap and income disparity. The country also has its hands full in improving health care, education, housing and the environment for its people.

Nonetheless, analysts say currently there is still a strong consensus on reform in China.

Qin Gang, professor with the Party School of the CPC Central Committee, said as the society is diversified and different groups expect different things from reform, it is only normal to have a reform debate.

He believes that reform must address public expectations and demands, such as narrowing the income gap, social equality, and an end to corruption through institutional changes.

Wang Huaichao with the party school said there was no disagreement on whether China needed further reform, the debate was on the sequence, degree and measures of reform.

According to another analyst, in an atmosphere of lacklustre global recovery, the performance of the Chinese economy was under the international microscope.

It is not unreasonable to contend that China's internal economic vitality will drive the world down a similar vital path.

IANS

Source: IANS

 
Update
11

2 days ago

Commerce Ministers to hold talks ahead of Xi's visit to India

Aug 31 2014 6:30am CDT | Source: Business Standard

Ahead of Chinese President Xi Jinping's forthcoming visit to India, Commerce Ministers of both the countries are set to hold talks to finalise multi-billion dollar package of Chinese investment ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

1 week ago

The 10 Most Important Things In The World Right Now

Aug 26 2014 2:53am CDT | Source: Business Insider

Good morning! Here's what people will be talking about Tuesday.  1. Officials said Monday night that the U.S. is "preparing military options, including surveillance flights, to pressure Islamic State in Syria," Reuters reports. Plans for military action have been on the table for weeks, though nothing has been confirmed yet.  2. Opposing sides of the Scottish independence referendum faced off in a t ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
9

1 week ago

Zimbabwe’s Mugabe visits China looking for aid; China’s Xi calls him ‘renowned leader’

Aug 25 2014 8:55am CDT | Source: Canadian Business Online

BEIJING, China – Zimbabwe’s President Robert Mugabe met with Chinese leader Xi Jinping on Monday on a visit to China hoping the long-time ally and economic giant can help the African nation’s ailing economy. Mugabe, who has been criticized by Western nations for human rights violations, was welcomed with a 21-gun salute at the Great Hall of the People in Beijing. “Your Excellency is a renowned leader of the African nation ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
8

1 week ago

Craig Stephen's This Week in China: China’s troubling targeting of foreign companies

Aug 24 2014 11:09pm CDT | Source: MarketWatch

As a new front in China’s corruption clampdown opens up against foreign companies, President Xi Jinping’s heavy hand risks extinguishing the invisible hand of enterprise, writes Craig Stephen. ...
Source: MarketWatch   Full article at: MarketWatch
 

 
Update
7

1 week ago

North Korea Just Moved Some Of Its Most Advanced Weaponry To The Chinese Border In A Sign Of Rising Tensions

Aug 20 2014 11:38am CDT | Source: Business Insider

In a sign of the continuing decline in relations between North Korea and China, Pyongyang moved a number of tanks and armored vehicles away from South Korea to the Chinese border, according to The Chosun Ilbo, citing an anonymous source.  North Korea has reportedly deployed 80 tanks to Ryanggang Province, directly across the border from China. The tanks were reinforced with armored infantry units, multiple rocket launchers, and a sharpshooter brigade.  According to Chosun Ilbo, this is the f ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
5

4 weeks ago

10 Devastating Photos Of Destruction Caused By The Earthquake In China

Aug 4 2014 4:23pm CDT | Source: Business Insider

Yesterday, a 6.3-magnitude earthquake ripped through a remote, mountainous area of China's Yunnan province. Reports estimate the death toll to be around 390, and that number will potentially rise as workers dig through the rubble.  The quake had the deadliest effects in Yunnan, but was was felt in the bordering provinces of Guizhou and Sichuan as well. Yunnan's Ludian county, especially the town of Longtoushan, was the most devastated. It was reported th ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
4

4 weeks ago

China - Uyghur website editor and economist facing possible death penalty

Aug 1 2014 4:37am CDT | Source: Reporters Without Borders

After being held for six months, Ilham Tohti has been formally charged with separatism Ilham Tohti, an ethnic Uyghur economist at Beijing's Central University for Nationalities and editor of the Uygurbiz.com information website, was formally charged on 30 July with “separatism,” a crime that carries the death penalty. Regarded as a dissident by the Chinese authorities, Tohti was held incommunicado and denied food for the first ten day ...
Source: Reporters Without Borders  Full article at: Reporters Without Borders
 

 
Update
3

5 weeks ago

China to investigate ex security chief

Jul 29 2014 7:01am CDT | Source: FT

The launch of a public, if carefully stage-managed, investigation into Zhou Yongkang will lend teeth to President Xi Jinping’s an an ...
Source: FT   Full article at: FT
 

 
Update
2

5 weeks ago

The Fortaleza tie-in

Jul 27 2014 11:34am CDT | Source: Business Standard

A handshake at Fortaleza prompted a flurry of activity in New Delhi and Mumbai. The meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi in the distant Brazilian city ahead of the BRICS summit last w ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

6 weeks ago

Chinese Dream Will Become Reality Only If China Learns To Manage Change

Jul 15 2014 9:31pm CDT | Source: SeekingAlpha

By G.Bin Zhao:There has been much analysis already of President Xi Jinping's vision of the "Chinese dream." One thing has become clear: striving to achieve the dream is a common goal.From the perspective of modern management theory, the process of achieving the dream falls under the category of change management. Identifying the stakeholders and relevant environments will provide a better ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

US doctor tests positive for Ebola in Liberia
Washington, Sep 3 (IANS) An American missionary doctor working in Liberia has tested positive for the Ebola virus, his organisation SIM USA announced Tuesday.
 
 
IS video shows beheading of second US journalist
Washington, Sep 2 (IANS) Days after the beheading of American photojournalist James Foley, Sunni militant group Islamic State (IS) has posted a video showing the beheading of another kidnapped American journalist Steven Sotloff, CNN reported.
 
 
IS beheads second US journalist
Washington, Sep 2 (IANS) The Islamic State militant organisation has posted a video titled "A second message to America", showing the beheading of American journalist Steven Sotloff, CNN reported.
 
 
India offers red carpet, not red tape, Modi hard sells India (Roundup)
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday hard sold India to Japanese investors saying that his country offers only a red carpet and not red tape while dubbing his five-day trip to Japan that ends Wednesday as "very successful".
 
 
 

Latest from the Network

Over 7,200 killed in Syria in August
Cairo, Sep 3 (IANS/EFE) As many as 7,219 people have been killed in Syria in August as fierce fighting continued due to the three-year-old civil war in the country, the Syrian Observatory for Human Rights said Tuesday...
Read more on Politics Balla
 
US doctor tests positive for Ebola in Liberia
Washington, Sep 3 (IANS) An American missionary doctor working in Liberia has tested positive for the Ebola virus, his organisation SIM USA announced Tuesday. The doctor was treating obstetrics patients at ELWA...
Read more on Business Balla
 
Anastacia slams Kim, Kanye
Los Angeles, Sep 3 (IANS) Singer Anastacia slams reality TV star Kim Kardashian and her husband Kanye West saying their need for attention is just so ill placed. The 45-year-old hit out at the star couple for having...
Read more on Celebrity Balla
 
EU to decide on new sanctions on Russia
Brussels, Sep 3 (IANS) The incoming European Union (EU) foreign policy chief Federica Mogherini Tuesday said the EU leaders will decide on new sanctions on Russia by Friday. "The package (of further sanctions) will be...
Read more on Politics Balla
 
Israel 'stands by' new land appropriation in West Bank
Jerusalem, Sep 3 (IANS) Israeli Foreign Minister Avigdor Lieberman Tuesday said his country "stands by its decision" to appropriate 1,000 acre land in the West Bank. "Gush Etzion settlement bloc reflects a wide...
Read more on Politics Balla
 
Jolie's wedding dress featured her kids' drawings
Los Angeles, Sep 3 (IANS) Actress Angelina Jolie walked down the aisle in a wedding gown with various coloured illustrations drawn by her children. She married actor Brad Pitt Aug 23 in France and on her wedding day,...
Read more on Celebrity Balla
 
UN chief welcomes lifting of Iraqi town siege
United Nations, Sep 3 (IANS) UN Secretary-General Ban Ki-moon Tuesday welcomed the end of militant siege on the northern Iraqi town of Amerli, saying it averted "a major humanitarian disaster". Ban welcomed the...
Read more on Politics Balla
 
Second beheading plunges Obama into top crisis
Washington, Sep 3 (IANS) Just two weeks after beheading American photojournalist James Foley, the Islamic State (IS) Sunni extremist organisation sent what it called "A second message to America", with a video showing...
Read more on Politics Balla
 
11 killed in Pakistan building collapse
Islamabad, Sep 2 (IANS) At least 11 people, including women and children, were killed Tuesday when a roof of an old building collapsed in Pakistan, a media report said. As many as 18 people were wounded when a two-...
Read more on Politics Balla
 
Imran refuses to budge as parliament supports Pakistan PM (Roundup)
Islamabad, Sep 2 (IANS) Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan refused to budge on his demand for Prime Minister Nawaz Sharif's resignation Tuesday as a joint session of parliament came out overwhelmingly...
Read more on Politics Balla