Xi Jinping Explained the CCP’s Central Committee’s Economic Reform Decisions
Xi Jinping, the chairman of the Central Committee of the Chinese Communist Party, wrote an article that Xinhua published on November 15, 2013. Actually, the article was Xi’s speech given at the Third Plenary session of the 18th Congress of the Chinese Communist Party that was held this month. The article further explained the CCP Central Committee’s decisions on deepening economic reform comprehensively.
- The comprehensive deepening of reform will focus on economic reform only. “We should take new steps to improve the socialist market economic system.” The Party and the government should play an active role in our socialist market economic system.
- Adhere to the dominant position of the state ownership. While the state-owned economy plays a leading role, the mixed-ownership economy is also important. State capital, collective capital, and private capital are allowed mix together in cross-shareholdings.
- While maintaining the stability of the existing financial structure of the central government and local governments, improve the revenue division between the central government and local governments.
- Encourage larger and professional agricultural cooperative enterprises. Add farmers who have settled in cities into urban housing and social security systems
- Promote consultative democracy in economic and social development areas under the Party’s leadership.
- Abolish the reeducation through labor system [the forced labor camp system]. Punish and redress criminal acts with a better legal system.
- Anti-corruption [will be] under the unified leadership of the Party.
- Further control the Internet with the improved leadership system.
- A new National Security Committee, which shall be under centralized and unified leadership, will safeguard the national sovereignty, security, and development interests externally and will maintain political security and social stability internally.
- Set up a national natural resources asset management system.
- Establish a Central Leading Group, which will be in charge of deepening the economic reform comprehensively, to ensure the smooth progress of the reform.
Source: Xinhua, November 15, 2013
http://news.xinhuanet.com/politics/2013-11/15/c_118164294.htm
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By 2025 China Will Be the Number One Lung Cancer Nation in the World
The China North-South Lung Cancer Summit was held in Beijing on November 15 and 16. Statistics reported at the summit show that that lung cancer has become the number one cancer in China. By 2025, it is expected that China will have 1 million lung cancer patients, which will be the highest in the world. The statistics also showed that, out of 1.1 billion cigarette smokers in the world, 350 million of those are in China. Among those who are age 15 and above, 33.5 percent are smokers. One million people in China die from cigarette related diseases every year. While, at present, this accounts for 22.7 percent of the people who die from cancer, the number is growing by 26.9 percent every year. Lung cancer is said to be the highest among male patients.
[Editor’s note: According to the World Cancer Research Fund International (WCRF), at present, Hungary has the highest rate of lung cancer per 100,000 of population, followed by French Polynesia and the United States.]
Source: Xinhua, November 17, 2013
http://news.xinhuanet.com/tech/2013-11/17/c_118170600.htm
The WCRF,
http://www.wcrf.org/cancer_statistics/data_specific_cancers/lung_cancer_statistics.php
Chinese Consumers Account for 47 Percent of the World’s Luxury Goods Market
The China Luxury Goods marketing Research Agency recently issued the "China’s Luxury Goods Consumption Report," which contained information on China’s spending on luxury goods. China has the largest number of luxury goods consumers in the world. These consumers have spent an estimated US$102 trillion on luxury goods in 2013, which accounts for 47 percent of the total worldwide luxury goods market. China’s total luxury goods purchases included domestic as well as foreign purchases. In 2013, China’s domestic luxury goods purchases are expected to show growth of three percent. Chinese tourists also drove the overseas luxury goods spending market. Price differences between the domestic and foreign market and the appreciation of the Chinese yuan are cited as the reasons. Reports indicate that, even though the Chinese people’s luxury goods consumption continues to grow, the rate of increase has slowed down compared to prior years.
Source: Guangming Daily, November 15, 2013
http://economy.gmw.cn/2013-11/15/content_9495500.htm
Chinese Consumers Favor the iPhone 5C
According to a report from Di Xing Tong, China’s largest cell phone chain store, since the iPhone 5S and 5C were introduced in China on September 20, the ratio of iPhone 5S and iPhone 5C phones purchases in China has been 3.68:1 compared to 2:23:1, which is the ratio in the overseas markets. The report indicated that the reason Chinese consumers favored the 5S over the 5C, even though their quality is comparable, is that the 5S is considered to be more upscale. They are therefore less likely to be attracted to the cheaper version of the iPhone5C.
Source: Guangming Daily, November 15, 2013
http://it.gmw.cn/2013-11/15/content_9495124.htm