The 18th CPC Central Committee, composed of more than 200 senior Party officials, will convene its third plenum on November 9-12 to discuss major economic and social issues concerning comprehensive reform.
In a 4,000-year-old society like China's, with almost 1.4 billion people, the advances since 1980 are nothing less than astounding.
I agree that diversified ownership of Chinese SOE is the correct direction, but in my opinion the people of China should have first priority.
China is quite special, which is why big corporations from all over the globe have operations there.
While the US has been struggling to recover in recent years, China has been powering ahead with huge economic growth.
The future in China is not in attempting to replicate the private property based systems of the West.
Even if there is perfect rule of law, it cannot achieve fairness or justice, as corrupt officials in charge can still take money.
China was a poor country during the 1970s, until Deng opened the country to foreign investors as a semi-commercialized country.
If Shanghai can open up their financial market, it will become the new standard for the rest of China.
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