Top Chinese leaders Xi Jinping (C), Li Keqiang (3rd R), Zhang Dejiang (3th L), Yu Zhengsheng (2nd R), Liu Yunshan (2nd L), Wang Qishan (1st R), Zhang Gaoli (1st L) attend the third Plenary Session of the 18th CPC Central Committee in Beijing, capital of China, Nov. 12, 2013. The session lasted from Nov. 9 to 12. (Xinhua/Lan Hongguang)
China Unveils Boldest Reforms In Decades, Shows Xi In Command -- Reuters
(Reuters) - China unwrapped its boldest set of economic and social reforms in nearly three decades on Friday, relaxing its one-child policy and further freeing up markets in order to put the world's second-largest economy on a more stable footing.
The sweeping changes helped dispel doubts about the leadership's zest for the reforms needed to give the economy fresh momentum as three decades of breakneck expansion shows signs of faltering. However, the reforms may take years.
A document released by the Communist Party following a four-day conclave of its senior leaders promised land and residence registration reforms needed to boost China's urban population and allow its transition to a western-style services- and consumption-driven economy.
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Update: China’s Communist Party says will ease 1-child policy slightly, abolish labor camp system -- Washington Post/AP
My Comment: I am a China watcher with a good track record when it comes to China .... and even I was surprised by how quickly President Xi Jinping and Premier Li Keqiang moved to push a series of reforms this week. This is a very positive sign .... and while I am concerned that the bureaucracy and officials on the state level may work to slow it down and/or sabotage it .... I suspect that these reforms will be enacted quickly and with popular support.
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