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#193708
Sun 03 Nov 2013 11:08:PM
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Joined: Feb 2001
Posts: 381,903
Launch Director
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OP
Launch Director
Joined: Feb 2001
Posts: 381,903 |
By Tomasz Janowski TOKYO (Reuters) - The message from Beijing could not be clearer: China needs to shift to a more balanced economy that is socially and environmentally sustainable. That was the conclusion of a key Communist Party meeting a decade ago, yet what followed was more of the same: rapid investment-led expansion, which turned China into the world's no.2 economy, but left it laden with debt, environmental damage and excess capacity. Fast forward to 2013 and China's new leadership is again promising more harmonious development and the question is how to tell whether, this time, it is for real. One encouraging sign suggesting that President Xi Jinping, Premier Li Keqiang and their team mean business is their greater tolerance for slower economic growth while they carry out reforms. [More] Source: China Reform Checklist: How to Tell That This Time It's for Real?
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