President Xi Jinping promises sweeping economic reform.

[mdsimpson92]

http://www.reuters.com/article/2013/05/ ... 7820130516

Xi will present the reforms at a key meeting of the ruling Communist Party later this year that will set the agenda for the next decade, signaling his seriousness to see breakthroughs, the sources told Reuters.

Some of the sources cautioned that the reforms could face resistance from vested interests, especially state firms.

Broadly, the measures would liberalize interest rates and overhaul the fiscal system for local governments to ensure they had a steady stream of tax revenues rather than relying on volatile land sales to raise funds.

The reforms would also free up China's rigid residence registration, or hukou, system that precludes people from access to basic welfare services outside their official residence area, the sources said.

[Metacrock]

http://www.reuters.com/article/2013/05/ ... 7820130516

Xi will present the reforms at a key meeting of the ruling Communist Party later this year that will set the agenda for the next decade, signaling his seriousness to see breakthroughs, the sources told Reuters.

Some of the sources cautioned that the reforms could face resistance from vested interests, especially state firms.

Broadly, the measures would liberalize interest rates and overhaul the fiscal system for local governments to ensure they had a steady stream of tax revenues rather than relying on volatile land sales to raise funds.

The reforms would also free up China's rigid residence registration, or hukou, system that precludes people from access to basic welfare services outside their official residence area, the sources said.

another one.

[mdsimpson92]

This is actually part of their five year plan. Also, the fact is it is in their interests for this to happen. At least for the central government. The local government and the State Owned Companies on the other hand....

[Metacrock]

This is actually part of their five year plan. Also, the fact is it is in their interests for this to happen. At least for the central government. The local government and the State Owned Companies on the other hand....

five year plan, as I said, "another one?"

I saw a thing on tv today about China cracking down on decent again. They broadened the field of topics not to talk about.

[mdsimpson92]

This is actually part of their five year plan. Also, the fact is it is in their interests for this to happen. At least for the central government. The local government and the State Owned Companies on the other hand....

five year plan, as I said, "another one?"

I saw a thing on tv today about China cracking down on decent again. They broadened the field of topics not to talk about.

While also opening medium level official open to limited exposure from the media. Their style is "soft" adaptive authoritarianism that responds to the the demands of the people in order to maintain party control.