Hopes of Market Reforms in China Tempered by Political Realities
By Chris Buckley
Published October 28, 2013
http://sinosphere.blogs.nytimes.com/2013/10/28/hopes-of-market-reforms-in-china-tempered-by-political-realities/?_r=0
Published October 28, 2013
http://sinosphere.blogs.nytimes.com/2013/10/28/hopes-of-market-reforms-in-china-tempered-by-political-realities/?_r=0
In this article, Chris Buckley discusses China's political action toward the economy. Head of the CCP, (Chinese Communist Party) Xi JInping, announced repeatedly that there would be a conference in november, a month after this was published, discussing "Far-reaching economic changes." The government has admitted that if they do not "overhaul" certain policies the economy will not be able to grow. CCP leaders have not given any information about the policies they have in mind. However, the there is one proposal, known as the 383 plan, with 3 broad overhaul plans, 8 specific areas for change, and 3 ways to approach the changes. There is some controversy on how there will need to be some political reform to pull through this change.
I agree with the statement that says "the grinding realities of politics" will cause reforms to be more modest than the large overhauls the people would like. With the Chinese economy depending on heavy industry with high levels of investment, I doubt the economy could continue to grow for long with out it. Sadly, if the CCP does decide to stay modest with reform, there is almost no one who can stop them. The CCP is the only mmajor political party in China with all the "independent" smaller parties controlled by the CCP. Little changes over big changes seem inevitable.
This reality ties into the political life of all members of society in china. For many years the economy has relied on hopefuls who investment large amounts of money in building new, mainly residential or commercial, areas. Many of those projects get abandoned leaving people without homes and the economy in wose shape than before. If economic reform is taken lightly the country may have an economy that declines at thrice the rate it has grown. Political reform will also let the people of China have a say in what their government passes and let's go.
I agree with the statement that says "the grinding realities of politics" will cause reforms to be more modest than the large overhauls the people would like. With the Chinese economy depending on heavy industry with high levels of investment, I doubt the economy could continue to grow for long with out it. Sadly, if the CCP does decide to stay modest with reform, there is almost no one who can stop them. The CCP is the only mmajor political party in China with all the "independent" smaller parties controlled by the CCP. Little changes over big changes seem inevitable.
This reality ties into the political life of all members of society in china. For many years the economy has relied on hopefuls who investment large amounts of money in building new, mainly residential or commercial, areas. Many of those projects get abandoned leaving people without homes and the economy in wose shape than before. If economic reform is taken lightly the country may have an economy that declines at thrice the rate it has grown. Political reform will also let the people of China have a say in what their government passes and let's go.