India and China are working towards stacking up more confidence building measures (CBMs) during a period of frequent consultations that could lead to the first-ever back-to-back visits by the two Prime Ministers, in coming months. Both sides, according to informed sources, are currently finalising details of a visit by the new Chinese Premier, Li Keqiang, […]
This month’s session of China’s National People’s Congress probably wasn’t one for the history books. Talk of reform continued, but the new government positions don’t go past a number of small-bore reforms that aim to centralize the management of a range of hot-button issues. Read Here – The Diplomat
The ranks of China’s ultra-wealthy in its legislature swelled 20 percent this year, highlighting the vested interests that may oppose any measures by incoming President Xi Jinping to reduce the nation’s wealth gap. Read Here – Bloomberg
China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country’s urban rich and rural poor. The Party aims to bring 400 million people to cities over the next decade as the […]
China’s new leaders will this week consider plans to revamp the central government as part of efforts to streamline bureaucracy and boost an economy that’s recovering from the slowest growth in 13 years. The Communist Party’s 25-member Politburo endorsed draft reforms that will be discussed by the broader Central Committee on Feb. 26-28, the official Xinhua News Agency reported […]
China’s growth rebound may be capped by a labor-force squeeze and shrinking resources that leave the government satisfied with rates of expansion as low as half the peak during the past decade. A pace of 7 percent to 8 percent reflects economic forces, Ma Jiantang, head of the National Bureau of Statistics, said on Jan. 18 after reporting […]
The recent 18th Party Conference has been widely seen as a victory for retired Chinese President Jiang Zemin. Ten years after leaving office his faction remains a force to be reckoned with in the Communist Party — outgoing President Hu Jintao succeeded in placing only one close ally, Prime Minister Li Keqiang, on the Politburo […]
LESS than a week after the biggest shuffle of China’s leaders in a decade, the prime-minister-in-waiting, Li Keqiang, set tongues wagging with a speech about the country’s economic development. A government news-agency gushed that if his words could be summed up in four syllables, they would be “reform, reform”; if in six, then “reform, reform, […]
“Continuity” is a word that National Security Adviser Shivshankar Menon is likely to hear often from his Chinese interlocutors during his visit to Beijing, which begins today. Mr. Menon, who is also the Special Representative on the boundary question, will meet State Councillor Dai Bingguo, his counterpart on the border talks, for what officials have […]
Chinese Vice Premier Li Keqiang, promoted last week to the No. 2 spot in the ruling Communist Party and set to take the job of premier in March, said three decades of economic opening must be accelerated as the push to overhaul the economy encounters obstacles. Li, speaking Nov. 21 at a meeting in Beijing, […]
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