国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Opinion / Op-Ed Contributors

High reform hopes before plenum

By Louis Kuijs and Xiaocun Tiffany Qiu (China Daily) Updated: 2013-10-28 07:03

All eyes are starting to shift to the Third Plenary Session of the Communist Party of China's Central Committee. Rather than concrete measures, the Plenum is expected to announce objectives and directions to rebalance growth toward domestic demand, consumption and services, and upgrade the industrial structure. Ever since Chinese President Xi Jinping and Premier Li Keqiang took over the CPC leadership in November last year there has been keen interest in the direction they give to the reforms.

In line with tradition, the new leadership has in the last 12 months or so been taking stock of the country's key challenges and the need and room for reform. The new leadership's statement of principles and directions of economic policy and reforms are meant to be approved by the Party plenum in November.

 High reform hopes before plenum

President Xi Jinping (center) and Premier Li Keqiang (left), along with other State leaders, propose a toast at a reception on Monday to mark the 64th anniversary of the founding of the People's Republic of China, which falls on Oct 1. Xu Jingxing / China Daily

Expectations are high for the new leadership's reform plans for several reasons. For one, many people have been wishing for reforms in various fields. In the economic and financial realm, they look forward to market-oriented reforms.

Li has already advocated economic reform principles such as changing the pattern of growth, raising domestic demand, improving the quality of urbanization and, as announced recently, changing the role of the government in the economy.

Another factor raising expectations among some is the idea that the reforms to rebalance the pattern of growth are urgently needed because without them China will soon hit a wall, and that the government knows this and is acting accordingly. We (at the Royal Bank of Scotland) do not see it like that. We think that China's economy is sufficiently robust that not tackling some of the more difficult problems will not derail growth any time soon. Yet if needed, but difficult, reforms are not pushed through, China's overall reform process could become skewed. For instance, if China maintains decent progress with necessary, easy "welfare state" types of reforms and yet cannot make progress on the difficult but essential growth and productivity enhancing rebalancing reforms, it could end up with a rebalanced but slower growing economy.

Also, if the reforms to adjust the economic structure and the domestic financial system cannot be implemented and the government presses ahead with capital account opening, the risks of financial instability would rise, as would misallocation of capital.

Previous Page 1 2 Next Page

New type of urbanization is in the details
...
舞钢市| 西平县| 柳州市| 得荣县| 龙州县| 弋阳县| 涡阳县| 清水河县| 溧水县| 宁武县| 九龙城区| 昌都县| 巴东县| 普陀区| 温泉县| 枣阳市| 榆树市| 云龙县| 哈尔滨市| 涞水县| 那坡县| 依安县| 乐至县| 颍上县| 德令哈市| 阳东县| 兴和县| 云南省| 洮南市| 雅江县| 深州市| 儋州市| 四子王旗| 巫山县| 盐山县| 信丰县| 龙陵县| 河曲县| 五莲县| 云阳县| 治多县|