Ten Years to Realize the Chinese Dream?

first_img SHARE Analysis & Opinion Ten Years to Realize the Chinese Dream? The Third Plenum of the Communist Party of China (CPC) 18th Central Committee culminated back on November 12th. There, the Xi Jinping-Li Keqiang leadership team presented the Central Committee with their blueprint for the next 10 years, a time during which China is set to seek ways to realize the “Chinese Dream,” the next stage of economic and social reform. The blueprint contains reformist goals in the economy, politics, culture, and society. In particular, it asserts ways of further encouraging economic growth through mixed ownership; protecting human rights and the independence of the judiciary; anti-corruption measures; protecting the agricultural sector and the livelihoods of farmers; and cultural considerations. However, the focal point of the plan is the relationship between state and market. CPC regulations already state that the market should play a fundamental role in the allocation of resources; yet, state control of the economy has hitherto prevented this from happening efficiently. The new platform again states that the market must play the decisive role in resource allocation, and that the administrative function ought to shrink to promote the creativity and forcefulness of the private sector. Moreover, it demands that the monopoly of state-owned enterprises in certain sectors be reduced in order to encourage private economic participation. The plenum directed that two new institutions should be established: one to act on the behalf of the central government to deepen and unify reform, and the other, long overdue, to oversee national security and crisis management. The other focal point of the plenum concerned rectifying the socio-economic effects of China’s fast growth policy over the past thirty years. Growth has caused many contradictions to emerge in Chinese society, and proposals such as rewarding officials who end their tenure without falling prey to corruption offer indirect evidence of rising ethical degradation. Evidently, additional reforms are badly needed in China. However, these have hitherto been opposed by vested interests in several areas, including national and provincial politicians, and supporters of China’s current mode of capitalism. Many of the more risk averse leaders prefer the somewhat stable reality than the risks inherent in the “Chinese dream” of the Xi Jinping-led plenum. The new program is extensive; accordingly, great opposition is expected. Whether the government can maintain the support of reformist movements and convince national and provincial politicians of the necessity of their goals will ultimately determine Xi Jinping’s legacy. *The views expressed in this guest column are not necessarily the views of Daily NK. Analysis & Opinion Facebook Twitter Analysis & Opinion Is Nuclear Peace with North Korea Possible? center_img By Daily NK – 2013.11.26 7:42pm Analysis & Opinion Pence Cartoon: “KOR-US Karaoke” RELATED ARTICLESMORE FROM AUTHOR AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center last_img read more