Special to WorldTribune.com
By Willy Lam, East-Asia-Intel.com
The Beijing propaganda machinery has gone into overdrive to advertise the upcoming plenary session of the Chinese Communist Party (CCP) Central Committee, which is scheduled to endorse an economic-reform blueprint.
Yu Zhengsheng, the No. 4-ranked member of the all-powerful Politburo Standing Committee (PBSC), has asserted that “the scale and depth of [up-coming] reforms will be unprecedented.”
The state media has already publicized the eight areas of liberalization that the Central Committee plenum, which will be held on Nov. 9 to 12, will endorse. They include financial and taxation reforms, the abolition of some state fiats, restructuring of a number of state-owned enterprise groupings, boosting the social-welfare system, as well as measures to facilitate urbanization and to boost consumer spending.
In theory, Premier Li Keqiang, who is deemed a market-oriented reformer, is in charge of the whole liberalization exercise.
Read complete article.
You must be logged in to post a comment Login