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'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for June 2015
Universal:
That immigrants and refugees may find welcome and respect in the countries to which they come.
Evangelization: That the personal encounter with Jesus may arouse in many young people the desire to offer their own lives in priesthood or consecrated life.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Asia Pacific

HORRIFIC PHOTOS- Filipino children forced to scavenge through rubbish for pennies a day Watch

Image of Shocking photos depict a boy struggling to stay afloat in water clogged with rubbish. In another photo, a young girl balances on a makeshift Styrofoam raft.

By Catholic Online (NEWS CONSORTIUM)

In a horrific example of child labor that should not be tolerated in any developed nation, Filipino children scavenge through polluted rivers for trash to resell. The heavily polluted water endangers their lives - all in exchange for work that equals little ... continue reading


Same-sex unions by Filipinos abroad will go unrecognized in Philippines Watch

Image of Representatives of the Filipino Catholic Church say they will not discriminate against members of the lesbian, gay, bisexual and transgender community.

By Catholic Online (NEWS CONSORTIUM)

Filipinos who marry members of the same sex while abroad will not see the perceived legal benefits in their native Philippines, a government representative says. "Our laws are clear. The Family Code only recognizes the marriage between a man and a woman," ... continue reading


Successor to Mother Teresa dies at 81 Watch

Image of The second among 11 children of a Nepalese Hindu family, who settled in Bihar state of India, Sister Nirmala was born on July 23, 1934. She later graduated from Patna Women's College, managed by Apostolic Carmel nuns.

By Catholic Online (NEWS CONSORTIUM)

The successor to Mother Theresa, Sister Nirmala Joshi has died at the age of 81. People all over the world remember her for her selfless dedication to helping the poorest of the poor, as the leader of Missionaries of Charity, or MC, for two consecutive terms. ... continue reading


China's Yulin Dog Meat Festival continues despite global outrage Watch

Image of CFP

By Atarah Haely (NEWS CONSORTIUM)

The annual dog meat festival in Yulin, China went on despite a major online campaign to put a stop to the highly controversial event. Protesters campaigning against the event outside a government office, Monday, were disbanded forcibly by unknown men. According to ... continue reading


Sexual inequity in India leads girls to suffer the worst from malnutrition Watch

Image of Those lucky enough to survive, grow up without enough energy, protein, vitamins and minerals, causing their brains and bodies to be stunted which means they cannot fulfill their physical, academic or economic potential.

By Ruhi Kandhari, Thomson Reuters Foundation

When Palak was found barely breathing buried under a mound of soil in an impoverished village in eastern India, doctors who treated the abandoned newborn girl knew that nursing her back to health would not be easy. DHARBHANGA, India (Thomson Reuters Foundation) - ... continue reading


CHAOS IN THE STREETS: Dozens of zoo animals run wild in the streets after devastating flood in Tbilisi, Georgia Watch

Image of [Photo by: Tinatin Kiguradze]

By Nikky Andres (NEWS CONSORTIUM)

Lions, bears, wolves, birds and a hippo were only some of the animals that escaped a zoo after a heavy flooding in Tbilisi, Georgia. The flooding completely destroyed the protective enclosures in the city's zoo. As a result, the capital of Georgia was placed on ... continue reading


19-year-old GIANT TORTOISE takes a stroll through the streets of Tokyo Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Bon-chan, a giant tortoise, slowly strolled through Tokyo's streets, to the delight of the many Japanese people he met along his very slow journey. The  3-feet-long, 70 kilograms (150 pounds), male African spurred tortoise, is owned by Hisao Mitani. MUNTINLUPA, ... continue reading


CHILD BRIDE CRISIS: Unprepared young girls forced to marry, have children, undermining nation's future Watch

Image of Densely populated Bangladesh suffers frequent flooding and other natural disasters. The rights group said floods, cyclones and river erosion exacerbate child marriage by pushing families into greater poverty.

By Emma Batha, Thomson Reuters Foundation

Bangladesh must ramp up efforts to tackle its "epidemic" of child marriage -- a problem fueled by the country's repeated natural disasters, rights campaigners said on Tuesday. LONDON (Thomson Reuters Foundation) - Human Rights Watch (HRW) also called on the ... continue reading


Journalist set on fire in India for controversial Facebook posts Watch

Image of

By Hannah Marfil (NEWS CONSORTIUM)

Police claim journalist, Jagendra Singh, set himself on fire before they arrived to arrest him for posting allegations against Ram Murti Verma, a cabinet minister on Uttar Pradesh's legislative assembly on Facebook. However, according Singh's relatives, he was actually ... continue reading


Straight from the Bible: Resembling the words of Exodus, thousands of real-life toads swarm the roads after storm Watch

Image of

By Atarah Haely (NEWS CONSORTIUM)

Thousands of toads swarmed an area at Liaoning Province, China after a heavy downpour, hopping out of a lake nearby. The toads were filmed as they populated a certain area on the of Ganjingzi Qu, Liaoning Sheng with a reminiscent view of a Biblical plague written in ... 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, Genesis 28:10-22
10 Jacob left Beersheba and set out for ... Read More

Psalm, Psalms 91:1-2, 3-4, 14-15
1 You who live in the secret place of Elyon, spend ... Read More

Gospel, Matthew 9:18-26
18 While he was speaking to them, suddenly one of the ... Read More

Saint of the Day

Saint of the Day for July 6th, 2015 Image

St. Maria Goretti
July 6: Born in Corinaldo, Ancona, Italy, on October 16 1890; her ... 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