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Politics & Law

Li Keqiang’s roadmap on further economic reform in China


Li Keqiang

According to Singtao Daily’s comprehensive report, on November 21, just one week after being reelected into the Politburo Standing Committee that ensures his succession to retiring premier Wen Jiabao, Li Keqiang pointed out at a working conference on pilot projects of reform that reform is China’s greatest bonus.

Li said, “We must and can only move forward and there is no way to turn around.”

Li’s predecessor Wen Jiabao has carried on Jiang Zemin and Zhu Rongji’s reform and achieved high growth rate, but also left behind a lot of problems.

In early September, Deng Yewen, a senior editor of the Party mouthpiece Study Times, listed in his article the following serious problems left behind by Hu Jintao and Wen Jiabao: stagnant economic restructuring; pollution; income disparity; the notoriously outdated family planning and household registration polices; a looming energy crisis; moral degradation and the country’s battered international image (see my article China’s Hu and Wen Blasted by Party Paper Editor)

Deng certainly had some powerful elders behind him in publishing his article.

The further reform was blocked by conservatives in the party, but the obstacles laid by them have now been removed with the downfall of Bo Xilai. However, there has to be some talented reformer to design the roadmap for further reform.

There are three routes in Li’s roadmap:

1. A reform centred on urbanisation. Li regards urbanisation as a major strategy for China’s development. In the coming two to three decades, every year over 10 million people will move into Chinese cities. They will bring about a huge domestic demand. It will precisely be a source of force to boost China’s long-term stable fast economic development.

2. Readjust industrial structure in changing the mode of economic growth. I wonder whether this means removal of the monopoly of the state-owned sector and enabling private enterprises to compete with state-owned enterprises.

That will the key to further economic liberalisation, but will Li be able to deal with vested interests?

Judging by recent increased vigour in the pilot project of financial reform in Wenzhou since Li took over, I believe Li is making efforts in that direction. Whether he will succeed, we have to wait and see.

3. Promoting the reform in developing ecological civilisation and overcoming environmental pollution.

People’s awareness of the evils of pollution has been greatly enhanced as proved by recent mass protests against establishment and expansion of enterprises with environmental hazards. I believe that Li has a good chance of success in this respect.

 

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About chankaiyee2

Author of the book "Tiananmen's Tremendous Achievements" about how with the help of Tiananmen Protests, talented scholars with moral integrity seized power in the Party and state and brought prosperity to China. The second edition of the book will be published within a few days to mark the 25th anniversary of Tiananmen Protests All the parts in the first edition remain in the second edition with a few changes due to information available later and better understanding. There are also some changes for improvements of style. The new parts are Chapters 12-19 on events in China after the first edition was published: The fierce power struggle for succession between reformists and conservatives; Xi Jinping winning all elders’ support during his mysterious disappearance for 2 weeks in early September, 2012; and Xi Jinping Cyclone. Chan Kai Yee's new book: SPACE ERA STRATEGY: The Way China Beats The US An eye-opening book that tells the truth how the US is losing to China. The US is losing as it adopts the outdated strategy of Air-Sea Battle while China adopts the space era strategy to pursue integrated space and air capabilities: It is losing due to its diplomacy that has given rise to Russian-Chinese alliance. US outdated strategy has enabled China to catch up and surpass the US in key weapons: Hypersonic weapons (HGV) that Pentagon regards as the weapon that will dominate the world in the future. Aerospaceplane in China’s development of space-air bomber that can engage enemy anywhere in the world within an hour and destroy an entire aircraft carrier battle group within minutes. Anti-satellite (ASAT) weapons, anti-ASAT weapons, stealth aircrafts, drones, AEW&C, etc. The book gives detailed descriptions of China’s weapon development based on information mainly from Chinese sources that the author monitors closely. U.S. Must Not Be Beaten by China! China is not a democracy. Its political system cannot prevent the emergence of a despotic leader or stop such a leader when he begins to bring disasters to people. A few decades ago, Mao Zedong, the worst tyrant in world history did emerge and bring disasters to Chinese people. He wanted to fight a nuclear war to replace capitalism with communism but could not bring nuclear holocaust to world people as China was too weak and poor at that time. If a despot like Mao Zedong emerges when China has surpassed the US in military strength, world people will suffer the misery experienced by Chinese people in Mao era. China surpassing the US in GDP is not something to worry about as China has the heavy burden to satisfy its huge population, but China surpassing the US in military strength will be world people’s greatest concern if China remains an autocracy. US people are of much better quality than Chinese people. What they lack is a wise leader to adopt the correct strategy and diplomacy and the creative ways to use its resources in developing its military capabilities. I hope that with the emergence of a great leader, the US can put an end to its decline and remain number one in the world. China, US, space era strategy, air-sea battle, space-air bomber, arms race, weapon development, chan kai yee

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