Party Officials to Gather to Discuss Economic and Social Issues on Planned Reforms
More than 200 senior Party officials of the Central Committee of the ruling Communist Party of China will be gathering this November to discuss economic and social issues that will discuss the Party’s concern in comprehensive reform. Officials will be debating on a long list of reforms that was discussed during a conference in Beijing, still the question remains on to what extend these leaderships will reach on a consensus of these incentives and how these initiatives will be carried out.
A recent survey with more than a million netizens showed more than 91 percent of these respondents and believes that the economy must say goodbye to their dependency on exports and investments when kicking off reforms that will tackle the real issues and solve the real concerns of the society. In spite of a unified call for transition in the developmental model, several opinions are divided on the 200 plus committee members in the Third Plenary Session of the 18th Central Committee is they can reach an agreement on reforms.
Forty three percent of the survey respondents think that the new reforms could pass while fifty two percent are pessimistic and thinks that the situation is too complicated and reforms might not move forward. Since 1978 the third plenums which gained in popularity in their decisive role that will set up the economic agenda of the country. During this year’ meet call for reforms will be discuss on the financial sector, land circulation and the rising prices on tax redistribution and resource pricing. Several other reforms are proposed such as household registration and social welfare will be discussed to upgrade the urbanization.
Last year a campaign was ushered in the efforts to fight corruption plus financial reforms is moving along as the county relaxed its restrictions on the renminbi, which loosen up bank lending rates last July. Several analysts say that the biggest obstacle the country face is the continuing slowdown of economic growth and to solve this will require courage and good judgment.