China Eyes More Free Market Economy

The push for some economic reform arose out of the Communist Party Central Committee's closed-door meeting.

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The Chinese ruling Communist Party said Tuesday that it plans to let markets play a “decisive” role in allocating resources as part of a significant economic overhaul, marking a shift from past statements that described a “basic” role for the markets in the country’s tightly-regulated economy.

The pledge for economic and overall reforms by 2020 was announced in a statement released by state media after a four-day closed-door meeting of the party’s Central Committee, comprising some 200 central and provincial officials.

The announcement is expected to spur state agencies toward reforms that will reduce the role of the government in the world’s second-largest economy, Reuters reports. It’s the first such policy blueprint issued under Chinese leader Xi Jinping, who took office last year, according to the Wall Street Journal.

The statement was light on specifics — a more fleshed-out document is expected in the coming days — but it identified several areas, including taxes, land markets and social security, in need of reform.

[Reuters]

6 comments
adam_zhang
adam_zhang

if you dont have any proofs, then please shut up!!!

jefforsythe9
jefforsythe9

I am amazed how naive people are concerning the brutal Chinese Communist Party. The CCP has murdered eighty million of its own people since 1949 and since 1999 has been attempting the genocide of the tens of millions of innocent Falun Gong practitioners by the use of torture, slavery, organ harvesting and murder. The CCP is a blood-thirsty gangster regime but people living in the West as well as most Chinese are being kept in the dark concerning its true nature because of greed and the total control of the Chinese media by the CCP. The Chinese Communist Party is not something that should be shown any respect whatsoever, only disgust and fear.

Paul_007
Paul_007

@jefforsythe9 If you are kept in the dark, how could you know so much about this country? Be objective and fair-minded! Do not stay in old centuries and tell old-fashioned, but cooked story, stay in touch with the changing world. Open your eyes and find some time reading more about China on Internet to get a complete picture and refrain from throwing mud at China with ill-conceived purposes. It is true this country has its own problems, but not as terrible as you described. It is well on its way to take care of it people while focusing on improved governance.

PDL
PDL

@jefforsythe9  I was born 1983. When I was at my high school, at the time of which Falungong is popular in the school. Students went to Falun Gong instead of going to school. To me thoes students, several in my class, are fooled. But there is no muurder. One of them now leaves in Beijing happily. 

jefforsythe9
jefforsythe9

@Paul_007 @jefforsythe9

There were one hundred million Falun Gong practitioners in Mainland China when in 1999, paranoid leader of the CCP  Jiang Zemin, saw Falun Gong as a threat to his power. Those one hundred million practitioners were from all walks of life, doctors, truck drivers, even top Party officials. That is why Falun Gong has a complete picture of the true nature of the blood-thirsty CCP. We have an underground communication system as well as our own satellite signal in Red China. We even have some practitioners in Chinese  embassies all over the world. We have access to information concerning the brutal CCP that the average person does not. We also are keeping a record in our main office in New York of all of the atrocities that are being committed and by whom they are being committed, names, badge numbers, addresses, etc., so that once the CCP has dissolved the people responsible for these atrocities will be brought to justice. Does that answer your question?

jefforsythe9
jefforsythe9

@PDL @jefforsythe9 If your friend is still practising Falun Gong, please get in touch with him or her to find out about the truth concerning the genocide. The Chinese Communist Party is spending billions to commit this genocide and to hide it. It is real believe me. Falun Gong would never ask someone to do anything that would hurt them such as quit school. Everyone remains a total individual and if anything strengthens his or her character not weakens it. It you live outside of Mainland China go on line and read The Bloody Harvest and or The Nine Commentaries. Falun gong is absolutely free, neither asking or accepting donations. We have  no reason to lie to you. I hope that this will help you understand the true nature of the blood-thirsty Chinese Communist Party. Thank you for your consideration.