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Sunday, 17 November 2013

China’s New Reform Blueprint Has Arrived

A few days ago, a cautiously and a little vaguely worded communique caused some questions on Xi government's determination to deepen reforms. However, the specific plan for recasting economy released on Friday has largely reassured people.

The Decision on Major Issues Concerning Comprehensively Deepening Reforms promises a handful of potentially significant changes.

几天前,一份措辞含糊的会议公报引发了外界对习近平改革决心的质疑,但中国最高领导层周五公布了一项重塑经济的详细计划,在很大程度上打消了人们的一些疑虑。

周五公布的这份长达20页的文件相当于一项改革蓝图。中国领导人在文件中承诺将放开金融行业、放宽其他一些行业的外资准入限制、让市场决定资源价格并赋予农民更多财产权利。

China’s new leadership has released its first major reform blueprint.

The document said China would significantly ease its one-child policy, allowing couples to have two children if one of the parents is an only child. Currently, Chinese couples are restricted to one child except under some circumstances, such as rural dwellers, pilot programs in a number of areas and among ethnic minorities.

China also plans to abolish a controversial labor camp system in what Xinhua described as “part of efforts to improve human rights and judicial practices.” Under the system, which has been in place since 1957, police are allowed to imprison people in labor camps for up to four years without formal arrest or trial.

Other proposed reforms include a system for insuring bank deposits, an increase in the amount of profits state-owned companies pay the government and an increased emphasis on environmental protection in the evaluation of officials.

As with all Chinese government policies, the devil will be in the implementation.

http://www.china.org.cn/china/third_plenary_session/2013-11/16/content_30620736.htm

http://news.xinhuanet.com/politics/2013-11/15/c_118164235.htm

http://blogs.wsj.com/chinarealtime/2013/11/15/china-to-ease-one-child-policy-abolish-labor-camps/

http://blogs.wsj.com/chinarealtime/2013/10/30/editorial-hints-at-xis-challenge/

http://cn.wsj.com/gb/20131116/bch132712.asp

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