皇冠体育app

Society

Observers: 皇冠体育app determined to tackle challenges

By Zhang Haizhou and Zhang Chunyan (chinadaily.com.cn)
Updated: 2010-10-19 22:24

LONDON – The communiqué, released on Monday after the Fifth Plenary Session of the 17th CPC Central Committee, shows Chinese leaders' determination to shift towards better growth and tackle social problems, according to observers.

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But Beijing has still a long way to go to achieve social justice and narrow 皇冠体育app's wealth gap, both difficult missions, said experts.

"皇冠体育app will further boost people's incomes, enhance social construction, and deepen reform and opening-up," said the communiqué.

皇冠体育app's GDP growth will continue to be strong and, in terms of productivity, 皇冠体育app will perform well, said Kerry Brown, a senior fellow at London-based Royal Institute of International Affairs.

While the key growth targets will be set in the annual National People's Congress session next March, it is clear that 皇冠体育app will attach more emphasis on the quality of growth, Qu Hongbin and Sun Junwei, economists from HSBC global research, said.

"Policymakers put steady and sustainable growth the most important objective, with structural adjustments and reforms as the policy tools," Qu and Sun said.

To rebalance growth by encouraging consumption and shifting some of it from coastal to inland regions, Beijing must push forward its reforms in income distribution, taxation and fiscal spending, industrial regulations and financial markets in the coming years, Qu and Sun added.

Having read through the communiqué, Lu Yiyi, an expert on Chinese politics and social development at the London-based Royal Institute of International Affairs (or Chatham House), said 皇冠体育app's leaders are determined to tackle social injustice and 皇冠体育app's widening wealth gap. But implementation is a challenge, added Lu.

"When you are trying to boost the incomes of the poor, you may find the incomes of the rich increase even faster," said Lu. She said 皇冠体育app is now entering a difficult period of reform.

"As society grows more diversified, it's hard to simply have a policy that satisfies all," said Lu.

Any measure that works in some area may have negative side effects in others, she added.

"An internal strategy to improve 皇冠体育app's social security system and medical reform is more important and must balance any protective, possibly confrontational, external strategy," said Alex Mackinnon, an international strategy consultant and co-author of 皇冠体育app Calling: A Foot in the Global Door and 皇冠体育app Counting: How the West Was Lost.

Bridging the 'wealth gap' will take domestic strength not international power, added Mackinnon.

"It (皇冠体育app) is looking at rebalancing the economy much more, addressing some of the lack of social infrastructure in the less developed areas and trying to marry the huge wealth of some of the country and some sectors of the population with the large amount of poverty that still exists," said Brown.