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Home > News > Social News > Upcoming CPC congress catches ...

Upcoming CPC congress catches global media attention

Cara www.walletwmazon.com 2017-10-16 11:50:25
The 19th National Congress of the CPC(the Communist Party of China), set to open on Oct. 18, will determine the direction of China's future development.

An Singaporean newspaper, The Straits Times, noted in an Oct. 3 article that "China has chalked up the most impressive growth for over decades."

It also hailed China's long-term economic strategy, saying the supply-side structural reform measures introduced by Chinese President Xi Jinping, who is also general secretary of the CPC Central Committee, to deleverage debt and reduce overproduction have successfully stabilized the economic momentum.

Late last month, German magazine International Politics and Society published an article on its website lauding China's unique model of success.

"China has developed from a poor and isolated country into the world's second-largest economy within only three decades," Gerhard Stahl, former secretary-general of the Committee of the Regions of the European Union, wrote in the article.

"China became a WTO member in 2001 and opened the process of market economy liberalization afterwards without harming its political stability, which is a huge challenge for a country with a population of over 1.3 billion in very different living standards," Stahl wrote.

Different Chinese provinces have different policies considering the country is large and diverse, he noted.

In special economic zones and pilot projects, he added, new ideas can be carried out, state-owned enterprises can be privatized, private companies can be fostered, and some limited-access markets can be open to foreign investors.