Subscribe free to our newsletters via your
. Earth Science News .

China Communist Party vows to deepen reforms at key meeting
by Staff Writers
Beijing (AFP) Nov 12, 2013

China's Communist Party promised to deepen economic reforms to give the market a "decisive" role in allocating resources, state media reported Tuesday at the end of a closely-watched meeting.

The official Xinhua news agency announced the close of the gathering, known as the Third Plenum, which brings together the ruling party's full Central Committee and takes place amid intense security and secrecy.

It has traditionally set the economic tone for a new government, but analysts played down the significance of the declarations and Chinese social media users expressed disappointment.

"The core issue is to properly handle the relationship between the government and the market so as to allow the market to play a decisive role in allocating resources and the government to better play its role," Xinhua cited a communique as saying, but did not give detailed measures.

China will "push forward land reform and give farmers more property rights", it said, including having one market for development land in both cities and the countryside.

"Both public and non-public sectors of the economy are important components of the socialist market economy and significant bases for economic and social development," Xinhua cited the document as saying.

It did not mention China's one-child policy, which had been trailed as a possible area for reform, and only obliquely addressed the divisive hukou residency system, which denies people who have migrated from the countryside to the cities equal access to benefits.

State broadcaster CCTV showed serried ranks of committee members seated at lines of desks in a cavernous hall, raising their hands in unison.

The 25 members of the party's Politburo sat in a row at the front, with General Secretary Xi Jinping in the middle, in front of a giant Communist hammer and sickle and 10 red flags.

Delegates were shown studiously reading their documents and taking notes.

A state security committee will be set up to "improve systems and strategies to ensure national security", Xinhua cited the communique as saying, two weeks after a fiery attack in Tiananmen Square, the symbolic centre of the Chinese state.

The document pointed out the need to "effectively prevent and end social disputes and improve public security", Xinhua said.

Again it did not elaborate significantly.

"The Party must give full play to its core role of commanding the whole situation and coordinating the efforts of all quarters, and improve the leadership and governance to ensure the success of reform," the agency added.

The Third Plenum is seen as setting the course for the world's second largest economy over the next decade.

But Wang Qinwei, China economist at Capital Economics in London, said the communique suggested agreement had yet to be reached on the details of reforms.

"It's more conservative than market expectations," Wang told AFP. "It's very broad on the market role.

"It mentioned some reforms, for example, fiscal reform, urban-rural land use, but the tone is very broad, giving people the feeling that concrete agreement may not have been reached," he added.

Chinese social media users were unimpressed.

"There are no breakthroughs at all," said one commentator on Sina Weibo, a Chinese version of Twitter. "What a disappointing announcement."

Another wrote: "Isn't this just meant to maintain the status quo?"

The plenum comes a year after China embarked on a once-a-decade leadership change, with Xi taking over as party chief in November and then state president in March this year.

China has in the past used the meetings to signal major changes in policy, most notably in 1978 when it embarked on the landmark transformation from a Communist-style command economy into a key driver of global growth, trade and investment.

In a front-page editorial during the meeting, party mouthpiece the People's Daily praised past economic reforms for bringing prosperity to the world's most populous country and called for more.

But analysts have said pressures for change are not yet strong enough to force radical reforms.

China's economy in 2012 registered its worst growth rate for 13 years, expanding at an annual rate of 7.7 percent.


Related Links
The Economy

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Walker's World: Are the Germans right?
London (UPI) Nov 11, 2013
The European economy used to be very simple. The Germans manufactured excellent goods, exported them to its European partners and piled up annual trade surpluses of two and three hundred billion euros. The German banks recycled this money into American and Spanish mortgages, Greek, Portuguese and Italian bonds and Irish banks, which meant those countries had the cash to continue buying ... read more

UN launches $300m appeal as warships head to Philippines

Obama calls Philippine president in wake of typhoon

Philippine typhoon survivors hope to escape apocalypse

US, British warships sent to typhoon-hit Philippines

Wageningen UR innovates in the ultra-low temperature freezing of research material

GOCE gives in to gravity

European science satellite to break up late Sunday

New chemistry: Drawing and writing in liquid with light

LLNL scientists find precipitation, global warming link

Call for Atlantic tuna quotas to be retained

Sea turtle deaths alarming Central America

New Zealand to ban shark finning

Russia moves detained Arctic activists to St Petersburg

Arrested Greenpeace crew 'moved' to new location

The Arctic ceases to be a 'province'

Search on for oldest antarctic ice in hunt for ancient climate clues

NGO asks EU to not buy Paraguay beef over indigenous concerns

Egypt farmers fear water supply threat from Ethiopia dam

Researchers uncover origins of cattle farming in China

Volunteers join scientists in finding out who gets rid of cow dung

Typhoon kills 10,000 in one Philippine city: UN

More than 5,000 flee erupting Indonesian volcano

Storm-chaser says Philippines typhoon 'off the scale'

6.6 quake hits off east coast of Russia: USGS

DR Congo, M23 rebels fail to sign peace deal

Christian-Muslim bloodbath devastates Central African Republic

Greece holds 'suspicious' arms-laden ship: minister

Senegal, Casamance rebels set talks agenda: mediation

Scientists tracking Brazilian wildlife find ancient cave paintings

Study: Humans made sophisticated stone tools earlier than thought

Did hard-wired fear of snakes drive evolution of human vision?

Hair regeneration method is first to induce new human hair growth

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement