26-10-2013, 07:45 PM
My focus is on the opportunities from the reform for investors...
China leader promises ‘unprecedented’ reforms at key Party meeting
BEIJING - A top Chinese leader has promised “unprecedented” economic and societal reforms at the Communist Party’s much anticipated plenum meeting next month, state media reported today (Oct 26).
Mr Yu Zhengsheng, the fourth-ranked member in the elite Politburo Standing Committee of the Communist Party, said the closed-door meeting would “principally explore the issue of deep and comprehensive reforms”.
“The reforms this time will be broad, with major strength, and will be unprecedented,” he said, according to the official Xinhua news agency.
“Inevitably they will strongly push forward profound transformations in the economy, society and other spheres.”
Mr Yu’s comments are among the first from China’s top leaders about the plenum, where President Xi Jinping is expected to press for greater economic reforms.
The broad reform agenda is expected to steer the world’s second-largest economy, which is experiencing slowing growth, from a reliance on debt-fuelled investment to a more balanced model driven more by consumption, services and innovation.
The meeting will mark the third time China’s elite 200-member Central Committee has gathered since a leadership transition last year.
Historically, third plenums in China have served as a springboard for key economic reforms. Political reform is not expected to be a major point of discussion.
China’s cabinet has called for greater effort in revamping the economy because a recovery is not yet solid.
...
http://www.todayonline.com/chinaindia/ch...ty-meeting
China leader promises ‘unprecedented’ reforms at key Party meeting
BEIJING - A top Chinese leader has promised “unprecedented” economic and societal reforms at the Communist Party’s much anticipated plenum meeting next month, state media reported today (Oct 26).
Mr Yu Zhengsheng, the fourth-ranked member in the elite Politburo Standing Committee of the Communist Party, said the closed-door meeting would “principally explore the issue of deep and comprehensive reforms”.
“The reforms this time will be broad, with major strength, and will be unprecedented,” he said, according to the official Xinhua news agency.
“Inevitably they will strongly push forward profound transformations in the economy, society and other spheres.”
Mr Yu’s comments are among the first from China’s top leaders about the plenum, where President Xi Jinping is expected to press for greater economic reforms.
The broad reform agenda is expected to steer the world’s second-largest economy, which is experiencing slowing growth, from a reliance on debt-fuelled investment to a more balanced model driven more by consumption, services and innovation.
The meeting will mark the third time China’s elite 200-member Central Committee has gathered since a leadership transition last year.
Historically, third plenums in China have served as a springboard for key economic reforms. Political reform is not expected to be a major point of discussion.
China’s cabinet has called for greater effort in revamping the economy because a recovery is not yet solid.
...
http://www.todayonline.com/chinaindia/ch...ty-meeting