Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/8/2013 (8 months 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 (8 months 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 July 2014
Sports:
That sports may always be occasions of human fraternity and growth.
Lay Missionaries: That the Holy Spirit may support the work of the laity who proclaim the Gospel in the poorest countries.



Comments


More Asia Pacific

NATIONAL SHAME: India has the most child laborers in the world Watch

Image of The report said child labor is prominent, at a substantial 75 percent in tea stalls,

By Catholic Online (NEWS CONSORTIUM)

Children, between the ages of five to 14 years of age are forced to work eight hours a day without break, seven days a week is a fact of life in India. According to a study revealed in New Delhi this week, India has 10.1 million child laborers -- the most ... continue reading


More than 100 Chinese Muslims killed in Xinjiang in 'terror attack' Watch

Image of The violence was described as a

By Catholic Online (NEWS CONSORTIUM)

Nearly 100 people are now dead or wounded in a clash in Xinjiang, home to China's mostly Muslim Uyghur minority. Authorities have described the tragedy called a "terror attack" on a police station and township. LOS ANGELES, CA (Catholic Online) - According to ... continue reading


Pope Francis to beatify 124 Koreans during August visit Watch

Image of Pope Francis plans to beatify Korea's first martyr, Paul Yun Ji-chung, as well his 123 companions in his visit to South Korea in August.

By Catholic Online (NEWS CONSORTIUM)

Pope Francis plans to beatify Korea's first martyr, Paul Yun Ji-chung, as well his 123 companions in his visit to South Korea in August. Paul Yun Ji-chung along with his companions were killed for their faith in the 19th Century. LOS ANGELES, CA (Catholic ... continue reading


Sinister Smartphone app lets teenagers to have casual sex with strangers Watch

Image of The Smartphone app Tinder, popular in Australia, leaves many teenagers vulnerable to sexual predators who lie about their age in their profiles.

By Catholic Online (NEWS CONSORTIUM)

Teenagers down under in Australia are using a popular smartphone app, called Tinder to arrange for sexual encounters with strangers. Although the application has an age restriction of 13 years and older, Tinder lets users to "like" or "pass" on fellow users' ... continue reading


China begins vaccine devolopment with a BANG! Watch

Image of Japanese encephalitis is a disease caused by the mosquito-borne Japanese encephalitis virus. The Japanese encephalitis virus has an incubation perioid of 5 to 15 days.

By Catholic Online (NEWS CONSORTIUM)

China is expected to begin exporting a manufactured vaccine for Japanese encephalitis by early 2015 to needy Southeast Asian countries. LOS ANGELES, CA (Catholic Online) - The vaccine is intended to protect children in those poor countries from the deadly virus.You ... continue reading


India battles to contain 'brain fever' as death toll approaches 570 Watch

Image of Floods also lead to the contamination of water sources such as wells, leaving many people with no option but to use the same dirty water for both drinking and washing.

By Nita Bhalla, Thomson Reuters Foundation

Almost 570 people in India have died after contracting encephalitis, commonly known as "brain fever," health authorities said on Friday, warning the death toll may rise further. (Thomson Reuters Foundation) - Outbreaks of both Acute Encephalitis Syndrome and ... continue reading


India's secret suicide epidemic! 2013 saw more than 150,000 deaths! Watch

Image of Men are twice as likely to commit suicide as women in India, based on a study of suicide cases from 2013.

By Catholic Online (NEWS CONSORTIUM)

Men in India are twice as likely to commit suicide according to an Indian government agency which is responsible for collecting and analyzing crime data. LOS ANGELES, CA (Catholic Online) - In 2013, 134,000 people committed suicide in India, and two thirds were men ... continue reading


Typhoon caused 47 deaths in plane crash in Taiwan Watch

Image of A typhoon in Taiwan caused a plane to crash, killing 47 and injuring 11.

By Catholic Online (NEWS CONSORTIUM)

A TransAsia Airways turboprop plane crashed on an island off the coast of Taiwan as it attempted a desperate emergency landing during a typhoon on July 23. LOS ANGELES, CA (Catholic Online) - Of the 58 passengers aboard the plane 47 were killed and 11 were injured ... continue reading


NATIONAL DISGRACE: India is home to one in three of all forced child marriages Watch

Image of In rural Indian villages, there are very real concerns about the safety of girls. If a girl is married off early, the strained logic is that her husband can protect her. She is treated as property.

By Catholic Online (NEWS CONSORTIUM)

It's a national shame for Southeast Asia's economic powerhouse: One in all three forced child marriages in the world is in India. It's a regional shame as well, as a new UNICEF study has proved almost half of all child marriages are in South Asia. LOS ANGELES, ... continue reading


Men outnumber women in India, Nepal and Bangladesh new study says Watch

Image of The ratio of women to men in India continues to decrease, a new report from the United Nations says, and it is expected to continue to decrease in the future.

By Catholic Online (NEWS CONSORTIUM)

A United Nations report, released on July 22, says that India needs to take urgent action following a sharp decline in its child sex ratio. LOS ANGELES, CA (Catholic Online) - The "Sex Ratios and Gender-Biased Sex Selection: History, Debate and Future Directions" ... 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, Jeremiah 26:11-16, 24
11 The priests and prophets then said to the chief ... Read More

Psalm, Psalms 69:15-16, 30-31, 33-34
15 Let not the waves wash over me, nor the deep ... Read More

Gospel, Matthew 14:1-12
1 At that time Herod the tetrarch heard about the ... Read More

Saint of the Day

Saint of the Day for August 2nd, 2014 Image

St. Eusebius of Vercelli
August 2: Christians who breathed a sigh of relief when Constantine ... 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