Xi Urges Boost to Economic Reforms
World Economy

Xi Urges Boost to Economic Reforms

China’s key reforms have been smooth over the last three years, but implementation needs to be faster, Xinhua news agency said, citing a statement from a meeting chaired by President Xi Jinping on Tuesday.
Xi called for solid efforts to advance reforms, with more focus needed on the economy, at the meeting of the Central Leading Group for Deepening Overall Reform, Reuters reported.
Some analysts say China’s reforms, particularly those of state firms, have been slower than expected.
China should deepen rural land reform and protect land rights according to land transfer contracts and ensure stable business expectations, the statement said. Protection of intellectual property rights should also be improved, the group said.
The statement said green finance was important for environmentally friendly development and supply-side reform.
Meanwhile, Xi has reshuffled three top provincial-level Communist Party posts as he seeks to place his men in key positions ahead of a once-every-five-years congress next year, and more new appointments are likely soon.
The party congress, expected to be held next autumn, will see Xi further cement his hold on power by appointing close allies into the party’s ruling inner core, the 25-member Politburo and the seven-member Politburo Standing Committee. Xi, who doubles as Communist Party and military chief, is ranked No 1 in the Standing Committee–the apex of power in China.

Short URL : http://goo.gl/XlpDYM
  1. http://goo.gl/QeVDrP
  • http://goo.gl/NkWroJ
  • http://goo.gl/P7IiWi
  • http://goo.gl/KeL2go
  • http://goo.gl/BwjiP3

You can also read ...

China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...