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China's communists meet to discuss economic reforms
Beijing (AFP) Oct 9, 2008 China's ruling Communist Party opened an annual meeting Thursday with the nation's political elite expected to approve economic policy focused on rural reform and the global financial crisis, state press said. Chinese President Hu Jintao was to chair the closed door meeting which will include up to 500 members of the ruling party's central and disciplinary committees and other top officials, government websites said. A draft programme on major issues concerning rural reform was expected to be approved at the four-day meeting that would "lay the foundation for China's development strategy" going forward, the official Xinhua news agency said. The agenda could include adjustments to China's macro-economic policies and how better to handle the global financial crisis, according to the official National Business Daily. The focus on rural areas reflects China's massive modernisation problem of moving hundreds of millions of farmers to urban areas while making its agricultural sector more streamlined and efficient, officials said. "The key to building a well-off society lies in the rural areas," the Outlook Weekly quoted Chang Xiuze, a researcher at the nation's planning ministry, as saying of the meeting's focus. The rural focus of the meeting was also a nod to this year's 30th anniversary of China's opening and reform policies which began in 1978 with reforms that returned collectivised farm lands back to individual farmers, he said. According to China's political tradition, the document produced by the party meeting will include many of the economic and social policies that will be placed before parliament next March for approval. Related Links China News from SinoDaily.com
Blackstone completes China Bluestar deal
Shanghai (AFP) Oct 6, 2008US private equity giant Blackstone said Monday it had completed its first foray into mainland China by acquiring a 20-percent stake in a major Chinese chemical firm for up to 600 million dollars. |
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