Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/8/2013 (1 year ago)

Catholic Online (www.catholic.org)

China's successful economic model needs to change, leaders agree

China has enjoyed unprecedented prosperity and economic growth over the past 30 years. A newly emerging middle class, with cars and shiny material goods is emerging there, a far growth from the sustenance farmers that at one time made up the country's rural areas. That growth has come with a heavy price, however. The Chinese economy is now in a slump, and there has been growing sociological issues attendant with the push towards to industrialization. China's leaders plan to meet this weekend to plot out the country's immediate future, the next five to 10 years.

Chinese President Xi Jinping,pictured, along Premier Li Keqiang are expected to outline a plan. There has been a long-growing consensus that China's long-successful economic model needs to change.

Chinese President Xi Jinping,pictured, along Premier Li Keqiang are expected to outline a plan. There has been a long-growing consensus that China's long-successful economic model needs to change.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/8/2013 (1 year ago)

Published in Asia Pacific

Keywords: China, economic reform, third plenum, leaders


LOS ANGELES, CA (Catholic Online) - Chinese President Xi Jinping along Premier Li Keqiang are expected to outline a plan. There has been a long-growing consensus that China's long-successful economic model needs to change.

China in the past has relied too heavily on cheap labor, cheap exports and cheap resources such as coal to fuel its economic growth. As wages rise and the global economy continues to struggle, the Chinese public grows increasingly concerned about crowded living conditions and air pollution.

Prominent Chinese journalist Yang Jisheng says that expectations are high as China's leaders head into the summit this weekend to address these issues. However, it will be anyone's guess what kind of reforms the government will unveil.
 
"Continuing on with the old model is unsustainable and a new model is needed. But for more than a decade now, there has been talk about the need for a new model, but that has been impossible under the current system. So what we need now is even more reform," he said.
 
Concluding on Tuesday, China's leaders will hold what is called the Third Plenum. Which is the third meeting in a five-year cycle of party leadership. Banking and tax reform, land usage rights and the country's household registration system will be on the agenda.
 
Analysts say that the meeting is not always significant, but there have been times when its role in helping the country move forward has been undeniable. Former Chinese leader Deng Xiaoping launched China's economic reform and opening up at the third plenum in 1978.
 
"[During the meeting] You might mouth some of their old rhetoric, you'll hear social harmony, you'll hear scientific mode of development because that was the previous lot," David Kelly with China Policy in Beijing says.

He says that the meeting is part paying homage to previous leaders and making a break with the past.. "And we're all collegial, we're all . this is the Communist Party, we don't have elections because we don't fight. Then things break into the cycle which are not cyclical and that's what's happening."

A birth foretold: click here to learn more!

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for November 2014
Lonely people:
That all who suffer loneliness may experience the closeness of God and the support of others.
Mentors of seminarians and religious: That young seminarians and religious may have wise and well-formed mentors.



Comments


More Asia Pacific

Four mythological symbols of China found along 1,700-year-old Silk Road Watch

Image of Ten well-preserved tombs have since been excavated.

By Catholic Online (NEWS CONSORTIUM)

The four mythological symbols of China - the White Tiger of the West, the Vermilion Bird of the South, and the Black Turtle of the North and the Azure Dragon of the East -- have been discovered by archaeologists in a 1,700-year-old cemetery along the old Silk ... continue reading


Agreement between Vatican and China remains far from certainty Watch

Image of There has been written contact between Pope Francis and President Xi Jinping over the past 18 months. There is reportedly a deal close on bishop appointments, which is the main stumbling block in establishing diplomatic ties.

By Catholic Online (NEWS CONSORTIUM)

While there appear warming overtures both between the Vatican and China, seemingly insurmountable differences remain. The general consensus is that communist-led China will have to make some compromises in its iron-clad rule in order for the Catholic Church to ... continue reading


Abortion as a contraceptive? The ugly truth of abortion in Vietnam Watch

Image of In Vietnam, estimates vary, but between 500,000 and 1 million abortions are carried out every year.

By Catholic Online (NEWS CONSORTIUM)

A report from Vietnam's Hanoi Central Obstetrics Hospital has revealed that 40% of all pregnancies in Vietnam end in abortion, a figure that is twice as high as official government figures. LOS ANGELES, CA (Catholic Online) - Behind China and Russia, Vietnam has ... continue reading


20 minors rescued in India child-trafficking bust Watch

Image of India has a large issue with child-trafficking, one that is often overlooked or even used by local officials.

By Catholic Online (NEWS CONSORTIUM)

A massive police crackdown on organized child trafficking has led to the arrest of 10 child traffickers and the rescue of 20 minors in India. LOS ANGELES, CA (Catholic Online) - The raids were conducted jointly by police teams from the Indian states of Chhattisgarh ... continue reading


A prelude to war! Chinese island building project aimed to create military bases in South China Sea Watch

Image of China's ongoing project of building islands for military use in the South China Sea is seen by many as confrontational and preparation for war.

By Catholic Online (NEWS CONSORTIUM)

New satellite images are showing that China has begun constructing an island on a reef near the disputed Spratly Islands, which could be large enough to accommodate  an airstrip, its first in the South China Sea. LOS ANGELES, CA (Catholic Online) - That China ... continue reading


Faithful gather to celebrate 500 years of the Catholic Church in Myanmar Watch

Image of Christianity remains a small minority in predominantly Buddhist Myanmar.

By Catholic Online (NEWS CONSORTIUM)

As the Catholic Church there begins to celebrate its 500 years there, Christianity remains a small minority in predominantly Buddhist Myanmar. According to a census conducted this year, Catholics number about 750,000 out of a population estimated at just over ... continue reading


China's icy heart? Has the Catholic Church warmed up the Asian superpower? Watch

Image of China has 12 million Catholics, but they are often split between support for the local state-run Church and the Vatican.

By Catholic Online (NEWS CONSORTIUM)

Relations between the Vatican and China have been frosty since the communist takeover in the 1950s, and the Holy See has found it very difficult to warm relations with the Asian superpower. But with an unprecedented proposal from China, all that could very well ... continue reading


Lessons not learned: 132 Indian women sterilized in five hours following tragedy Watch

Image of Senior officials in Ghuvara acknowledged that the family planning camp was organized by government authorities, but refused to speak on record.

By Catholic Online (NEWS CONSORTIUM)

The nation of India recently saw the deaths of 13 women, with as many as 50 women seriously injured after a hasty mass sterilization camp in Ghuvara in Chhatarpur district. Lessons were not learned, it appears, as another 132 women were reportedly operated upon ... continue reading


Two billion people drink water contaminated by feces Watch

Image of According to WHO, inadequate water supply and sanitation results in annual economic losses of $260 billion.

By Magdalena Mis, Thomson Reuters Foundation

Nearly two billion people use water contaminated by feces, posing a global health risk despite billions of dollars spent on sanitation, said a report published on Wednesday. LONDON (Thomson Reuters Foundation) - One in seven people, mostly poor and living in ... continue reading


Five million people expected in Goa, India to venerate St. Francis Xavier Watch

Image of The saint, who died in 1552, has his remains preserved in a glass-paneled silver casket and kept inside the 16th-century Basilica of Bom Jesu (Good Jesus).

By Catholic Online (NEWS CONSORTIUM)

Five million people are expected to flood Goa, India in order to venerate the remains of 16th century Spanish missionary Francis Xavier. The remains will be on display for 40 days beginning this weekend.  LOS ANGELES, CA (Catholic Online) - In order to ... continue reading


All Asia Pacific News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Revelation 18:1-2, 21-23; 19:1-3, 9
1 After this, I saw another angel come down from ... Read More

Psalm, Psalms 100:2, 3, 4, 5
2 serve Yahweh with gladness, come into his presence ... Read More

Gospel, Luke 21:20-28
20 'When you see Jerusalem surrounded by armies, then ... Read More

Saint of the Day

Saint of the Day for November 27th, 2014 Image

St. James Intercisus
November 27: James was a favorite of King Yezdigerd I of Persia and a ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter