In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘chinese system’

Why is China making another five-year plan ?

Posted by seumasach on October 14, 2015

“China has relied on a strong government steering its economy for over 60 years, so it would be unwise not to draw on a tradition that has proven effective in the last few decades, especially with the economy at a crux of upgrades and changes of emphasis,” Xinhua said answering its own question.

Asia Times

13th October, 2015

An interesting tidbit out of Xinhua Tuesday posed the following question: If China is moving to a market economy, why does it need to develop another five-year national plan?

 

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China seizes the day for market forces

Posted by seumasach on March 13, 2013

“The deputy prime minister in charge of the reform, Ma Kai, has explained that the purpose of restructuring is to give power to the markets and society, to reduce government intervention in small matters, and instead to improve the government’s ability to manage macro-economic matters and provide supervision.” 

This is the complete opposite of the British system where the state renounces control of the commanding heights of the economy in favour micro-managing human behaviour

Francesco Sisci

Asia Times

13th March, 2013

BEIJING – There are two deep and long-term aspects to the administrative reforms announced at the end the plenary session of China’s parliament, the National People’s Congress (NPC). One appears to be fully in the imperial tradition of concentrating power to the center and stemming the centripetal forces that have brought domestic and foreign policy out of control. We pointed out this major problem earlier this year Too many cooks spoil foreign-policy stew (Asia Times Online, January 7, 2011).

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