久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Opinion / Op-Ed Contributors

China's reforms amid turmoil in the West

By Dan Steinbock (China Daily) Updated: 2013-11-14 07:29

As the Third Plenum begins a decade of reforms in China, the United States and Europe are coping with a lost decade of liquidity traps, growth stagnation, and sluggish recoveries.

In the 1980s, the then-Chinese leader Deng Xiaoping's economic reforms and opening-up policies enabled China to industrialize through investment and export-led growth. Those reforms were supported by three decades of globalization, which rested on the ability of the West to absorb Chinese exports.

China's reforms amid turmoil in the West

In the coming decade, the economic reforms led by President Xi Jinping and Premier Li Keqiang will seek to fuel China's transition to consumption-led growth. However, these reforms will occur in a challenging international environment, amid what might be a lost decade in the West.

What can we expect in the near term?

In the past few months, China's new leadership has provided glimpses of economic reforms, which have now been officially launched.

According to the communique announced at the close of the Third Plenary Session of the 18th Communist Party of China Central Committee on Tuesday night, there will be reforms of the market, government and State-owned companies.

The key goal is to clarify the government's role in the economy. These are accompanied by reforms in finance, taxation, State assets, social welfare, land, foreign investment, innovation and good governance. In turn, the reform packages seek to relax control over market access, launch social security and allow sales of collectively owned rural land. The household registration system, which continues to discourage migration, will be phased out beginning with easier access to urban registration in third-tier cities.

The reforms come with increasing financial deregulation. A market-driven financial sector is vital to support the social model and consumption-led growth. Concurrently, China is opening doors for foreign investors and financial institutions, and the intention is to make the renminbi fully convertible and a major international and reserve currency within a decade.

Since early fall, these reforms have been fueled by the creation of Shanghai's free trade zone, along with 18 new policy initiatives, which seek to reduce restrictions in half a dozen key industries, including financial services and telecommunications.

These reforms, which will be spearheaded by a central team, are likely to be phased in over the next decade.

Previous Page 1 2 Next Page

Most Viewed Today's Top News
New type of urbanization is in the details
...
主站蜘蛛池模板: 中文字幕在线观看不卡视频 | 欧美特级另类xxx | 午夜大片免费男女爽爽影院久久 | 国产成人免费视频 | 欧美成人www在线观看网页 | 超清国产粉嫩456在线免播放 | 国产2区| 亚洲国产精品国产自在在线 | 午夜丝袜美腿福利视频在线看 | 亚洲bbbbbxxxxx精品三十七 | 在线国产区 | 国产精品中文字幕在线观看 | 精品一区二区三区五区六区 | 欧美一级成人 | 国产区精品 | 波多野结衣一区二区三区高清在线 | 欧美极度极度另类 | 久久久久久青草大香综合精品 | 成年人午夜影院 | 99成人在线观看 | 香蕉视频黄在线观看 | 亚洲欧美精品一区 | 免费看欧美一级a毛片 | 国产精品成人免费综合 | 精品国产亚洲一区二区三区 | 91精选视频| 欧美顶级毛片在线播放 | 欧美性狂猛bbbbbbxxxxxx | 99久久www免费| 欧美一级毛片aaa片 欧美一级毛片不卡免费观看 | a毛片免费全部播放完整成 a毛片免费全部在线播放毛 | 欧美一级看片a免费观看 | 91高清国产经典在线观看 | 日本在线毛片视频免费看 | 欧美成人三级伦在线观看 | 亚洲理论片在线中文字幕 | 俄罗斯一级毛片免费播放 | 收集最新中文国产中文字幕 | 色偷偷女男人的天堂亚洲网 | 日本一区二区三区国产 | 日本暖暖在线视频 |