International attention on future reform agenda for China

International attention on future reform agenda for China

Economic and social progress is expected to dominate discussions at the Third Plenary Session of the 18th Central Committee of the Communist Party of China, the Party's key meeting that runs from Nov 9 to 12 in Beijing. Expectations are high that the meeting will provide the future reform agenda for China and clear the decks for sustainable, balanced development. The plenum draws great attention from international communities. Foreign observers provide their views on various issues during the process of China's reform in this special coverage.

 

International attention on future reform agenda for China

International attention on future reform agenda for China 

International attention on future reform agenda for China
 
International attention on future reform agenda for China
 
International attention on future reform agenda for China

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 On major issues

International attention on future reform agenda for China
 

Opening up

China's reforms at home and opening up outward have mostly gone in tandem, with external opening up providing the much-needed impetus for domestic reform.

Gregory Chin, associate professor of political science at York University in Toronto
"It will be essential for China to play a constructive role, and more robust role, in helping to ensure that the world evolves toward a more sustainable, fair, stable and safe global environment."

Glyn Ford, a former member of the European Parliament
"China should open up more economically, especially in sectors such as telecoms, banking and finance, make the renminbi one of the three global reserve currencies."

Martin Schoenhals, a professor at Columbia University in New York
"I know China is proud of being a peaceful nation ... I hope China will not follow America's lead and will instead find a way to disarm, rather than arm."

[More views]

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International attention on future reform agenda for China
 
Leadership and Chinese dream 

By underlining the "Chinese dream," the new CPC leadership has demonstrated a strong sense of responsibility for the renewal of the Chinese nation.

Yakov Berger, senior analyst at the stitute of Far-Eastern Studies of the Russian Academy of Sciences
"The new CPC central leadership had shown unwavering commitment to push forward the reforms."

Robert Lawrence Kuhn, a longtime counselor to China's leaders
"The Chinese dream doesn't collide with the American dream. Chinese people pursue their dreams by improving their own well-being, not by diminishing the well-being of others."

James Oruko, a lecturer with Kenya's Egerton University
"Chinese dream could help the country in accomplishing even greater achievements in promoting social welfare and economic growth."

[More views]

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International attention on future reform agenda for China
 
Market-oriented reforms
 

According to Li Keqiang, China needs to come out with more market-oriented reforms. Although there may be some problems in the short term, adequate competition rules in the long run will help solve the problem, he said.

A report of British Bank
"The Chinese government should take more steps to let private capital get involved in infrastructure construction and investment."

Michal Krol, research associate at the European Center for International Political Economy in Brussels
"Liberalization of transport, finance, telecommunication, healthcare and business sectors by allowing more foreign firms is the most effective way to foster reforms."

A research report of Standard Chartered Bank
"The participation of private companies in railways, healthcare and other sectors will lead to fair market competition and end the monopoly enjoyed by SOEs."

[More views]

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International attention on future reform agenda for China

 Fiscal and financial reforms

The much-debated calls for looser financial controls are gaining momentum as the Chinese economy's slowing growth rate raised expectations the world's second biggest economy can sustain its growth by facilitating its real economy.


Elaine La Roche
, former chief executive officer of China International Capital Corp. 
"Obviously, China needs to focus on fiscal reforms with respect to the introduction of property tax."
 [more]

Ayumi Konishi, director general of East Asia Department, Asian Development Bank
"The tax base should be broadened and taxation has to be made more progressive for the sake of social equity. The introduction of green taxation will make the growth model environmentally sustainable."
 [more]

International attention on future reform agenda for China

Klaus Rohland, the World Bank's Country Director for China spoke about his expectations, and direction of economic reforms.

 

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International attention on future reform agenda for China

Urbanization and social equality

The CPC's new leadership designated urbanization as a growth point of the economy and called for quality and new urbanization at its economic work conference in December, after China's exports were adversely affected by the lingering global crisis. 

Glyn Ford, a former member of the European Parliament
"I think the imbalance between the rural and urban, coastal and inland regions and rule of law are the biggest challenges that China faces."

Martin Schoenhals, a professor at Columbia University in New York
"The reform agenda should have steps to limit urbanization and outline steps to help farmers remain in the countryside if they so wish."

Jim Hagemann Snabe, the co-CEO of SAP AG
"Urbanization will fuel China's economic growth and bring significant changes that rival the tremendous change of these past decades. Technology can help unlock the benefits of urbanization and solve some of the challenges we associate with it today." [More]

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International attention on future reform agenda for China

 Corruption prevention

The fight against corruption is likely to be strengthened with more concrete measures during the Party's plenary session.

Andrey Vinogradov, director of the Center of Political Research, the Russian Academy of Sciences
"To overcome corruption it is necessary to embrace the old and new society at the same time and change the relations between the State, society and business to suit the changing circumstances." [more]

Thomas Meyer
, vice-chairman of the committee on fundamental principles of Germany's Social Democratic Party
"It was an absolute necessity for the CPC to set anti-corruption as a major task, as corruption would damage the credibility of a ruling party, and would weaken people's support for reforms."

Garrison Ikiara
, lecturer of International Economics at the University of Nairobi
"A ruling party should be prepared for dangers in times of safety, and strengthen party building."

[More views] 

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International attention on future reform agenda for China

Environment protection

Specific measures are expected to be one of the topics at the meeting in November, providing a feel-good factor to businesses involved in the treatment of air, water and soil pollution.

Gregory Chin, associate professor of political science at York University in Toronto
"Policymakers need to take more steps to ensure ecological sustainability, pay more attention to the biosphere (and human life within it), rethink how much economic growth is needed, and how it can be achieved in more efficient and sustainable ways."

Terry Tamminen, former secretary of the Californian Environmental Protection Agency
"The country's use of energy could "either propel or stifle the Chinese dream."

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