Page 90 - 2015_WhitePaper_web
P. 90
5 White Paper on the Business Environment in China
President Xi Jinping as “a sign of a serious commitment to Works Cited
shake up an ine cient and privileged bureaucracy”. at
and the other political reforms “set the stage for a more 1 Bob Davis. “New Push for Reform in China.”Wall Street Journal.
comprehensive overhaul that’s needed to shift the economy February 2012. http://www.wsj.com/news/articles/SB10001
from its current, unsustainable dependence on investment-led 424052970204778604577238901231511224?mg=reno64-
growth to a more consumer-focused model,” Mr. Rosen said.3 wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2F
SB10001424052970204778604577238901231511224.html
So, the Chinese Communist Party leadership has commit-
ted to economic reform at the ird Plenum in 2013 and to 2 Liyan Qi and Tom Orlik.Wall Street Journal.March 27, 2012.
legal reform at the Fourth Plenum in 2014. As Mr. Rosen http://blogs.wsj.com/chinarealtime/2012/03/27/economist-
stipulates, the anti-corruption campaign and other political world-bank-suggestions-for-china-reform-garbage/
reforms form the backdrop for the framework of overall re-
form and transformation of the economy. A critical question 3 Michael Casey. “China Economy on Track for Sweeping
confronts the leadership at this stage: Can President Xi Jin- Reform.”Wall Street Journal.October 23, 2014. http://blogs.wsj.
ping and his administration continue to press forward in ag- com/chinarealtime/2014/10/23/china-economy-on-track-for-
gressively tackling corruption while also ercely undertaking sweeping-reform-asia-society-report- nds/
economic reforms?
4 Stanley Lubman. “China’s Corruption Fight Inseparable from
Our conclusion is, they must – they have to – and they Reform.” Wall Street Journal. December 17, 2014. http://blogs.
should. wsj.com/chinarealtime/2014/12/17/chinas-corruption-fight-
inseparable-from-economic-reform/
President Xi’s anti-corruption drive has removed high-
ranking gures such as Bo Xilai and Zhou Yongkang, the
former security chief, along with Liu Tienan, deputy head
of the National Development and Reform Commission,
the principal agency for setting and carrying out economic
policy. According to the Wall Street Journal, Mr. Liu had been
regarded by some foreign observers as “one of the people
standing in the way of much-needed economic reforms.”
e Chinese Communist Party’s latest move is to place
permanent anti-graft investigators and embed them inside key
national government bodies like the cabinet and legislature.
Resident supervisors will, for the rst time, be stationed
within the management o ce of the State Council cabinet
in the National People’s Congress, in key central party o ces,
and “altogether in all 140 party and government o ces”,
according to Xinhua. 4
It remains to be seen whether these political changes will
help clear the way for the extensive and ambitious economic
reforms to which President Xi’s government has committed.
Li Chengyan, head of the Research Center for Clean
Governance at Peking University, sums it up best in the
Wall Street Journal: “Comprehensively deepening reform
cannot move forward without adequately cracking down on
corruption…. e two sides of the approach complement and
reinforce each other and cannot be separated.”4
90
President Xi Jinping as “a sign of a serious commitment to Works Cited
shake up an ine cient and privileged bureaucracy”. at
and the other political reforms “set the stage for a more 1 Bob Davis. “New Push for Reform in China.”Wall Street Journal.
comprehensive overhaul that’s needed to shift the economy February 2012. http://www.wsj.com/news/articles/SB10001
from its current, unsustainable dependence on investment-led 424052970204778604577238901231511224?mg=reno64-
growth to a more consumer-focused model,” Mr. Rosen said.3 wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2F
SB10001424052970204778604577238901231511224.html
So, the Chinese Communist Party leadership has commit-
ted to economic reform at the ird Plenum in 2013 and to 2 Liyan Qi and Tom Orlik.Wall Street Journal.March 27, 2012.
legal reform at the Fourth Plenum in 2014. As Mr. Rosen http://blogs.wsj.com/chinarealtime/2012/03/27/economist-
stipulates, the anti-corruption campaign and other political world-bank-suggestions-for-china-reform-garbage/
reforms form the backdrop for the framework of overall re-
form and transformation of the economy. A critical question 3 Michael Casey. “China Economy on Track for Sweeping
confronts the leadership at this stage: Can President Xi Jin- Reform.”Wall Street Journal.October 23, 2014. http://blogs.wsj.
ping and his administration continue to press forward in ag- com/chinarealtime/2014/10/23/china-economy-on-track-for-
gressively tackling corruption while also ercely undertaking sweeping-reform-asia-society-report- nds/
economic reforms?
4 Stanley Lubman. “China’s Corruption Fight Inseparable from
Our conclusion is, they must – they have to – and they Reform.” Wall Street Journal. December 17, 2014. http://blogs.
should. wsj.com/chinarealtime/2014/12/17/chinas-corruption-fight-
inseparable-from-economic-reform/
President Xi’s anti-corruption drive has removed high-
ranking gures such as Bo Xilai and Zhou Yongkang, the
former security chief, along with Liu Tienan, deputy head
of the National Development and Reform Commission,
the principal agency for setting and carrying out economic
policy. According to the Wall Street Journal, Mr. Liu had been
regarded by some foreign observers as “one of the people
standing in the way of much-needed economic reforms.”
e Chinese Communist Party’s latest move is to place
permanent anti-graft investigators and embed them inside key
national government bodies like the cabinet and legislature.
Resident supervisors will, for the rst time, be stationed
within the management o ce of the State Council cabinet
in the National People’s Congress, in key central party o ces,
and “altogether in all 140 party and government o ces”,
according to Xinhua. 4
It remains to be seen whether these political changes will
help clear the way for the extensive and ambitious economic
reforms to which President Xi’s government has committed.
Li Chengyan, head of the Research Center for Clean
Governance at Peking University, sums it up best in the
Wall Street Journal: “Comprehensively deepening reform
cannot move forward without adequately cracking down on
corruption…. e two sides of the approach complement and
reinforce each other and cannot be separated.”4
90
