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- 2011-6-28
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- 1970-1-1
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1. There will be change in China's leadership in 2013, so the long term reformation will come along with this change. a. The central bank, world bank and DRC report will be allowed to have a 10 year time circulated reform, so the Chinese companies can buy the foreign companies share. b. The farmers' land rights will be strengthened by reducing the power of state owned companies in China. 2. How these reformation can be implemented? a. The new Chinese leader JinPing Xi will replace the current chairman position, and Mr. Keqiang Li will replace the current prime minister. Although this change will happen in the near future, this won't affect the reform completely. Indeed, these worries and interruptions will be taken into consideration to support this reform. Also, the Chinese new leaders seem to embrace this reform. b. However, the similar situation occurred in Deng's reform period. The Chinese leaders embrace their conservative views rather than continue the new free market concept. Thus, this may happen again in the near future. 3. The DRC suggest that the state owned companies should alleviate the power of government central control, instead, the government will be offered with shares of companies and new independent bodies should be required. Perspective: 4. The vest of leadership is a factor to implement the restructure, however, the voice of public is also a main factor. Few decades ago, the public could have claimed the huge number of layoffs but this didn't happen so. So China's reform certainly needs more than the world bank, central bank and DRC suggest. |
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