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Lawmakers to focus on stability
Source: Xinhua |
March 3, 2012, Saturday
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Print Edition
Print Edition
IN a year of political transition, expectations for explosive news and reviews coming out of China's annual political season will, possibly, prove unfounded.
Stability, in terms of both politics and economics, is expected to become a buzzword surrounding this year's sessions of the nation's top legislature, the National People's Congress (NPC), and advisory body, the Chinese People's Political Consultative Conference (CPPCC), which will begin Monday and today.
The two annual sessions will be held just months prior to the 18th National Congress of the ruling Communist Party of China, which will result in a reshuffling of the country's top leadership.
Stability is particularly important for China as it navigates choppy global financial waters. With a faltering external environment taking a toll on the Chinese economy, China has acknowledged that maintaining stability while making progress is the theme for the economic and social work of 2012.
At the upcoming sessions, China is not expected to map out a high economic growth target for 2012.
Deep-seated problems springing from decades of breakneck growth have kept the world's second-largest economy from achieving sustainable development.
In the nation's 12th Five-Year Plan (2011-2015), the government lowered the annual economic growth target to 7 percent.
The self-directed slowdown will leave more room for China's economic restructuring - a top priority in the years leading up to 2015.
Meanwhile, these problems in the development model are not new.
They include over-reliance on investment and export, tepid domestic consumer spending, unfair treatment of private businesses, excessive control by state-controlled industries, weak innovation, and environmental pressures, among problems that could render China's previous efforts irrelevant or worse, ignite social conflicts.
No easy solutions are expected to be found during this year's two sessions, but the government's determination to seek answers cannot be questioned.
It is widely hoped and believed that the government will continue to increase spending related to improving people's lives and make more concrete efforts to bolster the small business sector.
It will also hopefully make efforts to stabilize foreign trade, but not intentionally seek a trade surplus, which has already become a burden.
Stability, in terms of both politics and economics, is expected to become a buzzword surrounding this year's sessions of the nation's top legislature, the National People's Congress (NPC), and advisory body, the Chinese People's Political Consultative Conference (CPPCC), which will begin Monday and today.
The two annual sessions will be held just months prior to the 18th National Congress of the ruling Communist Party of China, which will result in a reshuffling of the country's top leadership.
Stability is particularly important for China as it navigates choppy global financial waters. With a faltering external environment taking a toll on the Chinese economy, China has acknowledged that maintaining stability while making progress is the theme for the economic and social work of 2012.
At the upcoming sessions, China is not expected to map out a high economic growth target for 2012.
Deep-seated problems springing from decades of breakneck growth have kept the world's second-largest economy from achieving sustainable development.
In the nation's 12th Five-Year Plan (2011-2015), the government lowered the annual economic growth target to 7 percent.
The self-directed slowdown will leave more room for China's economic restructuring - a top priority in the years leading up to 2015.
Meanwhile, these problems in the development model are not new.
They include over-reliance on investment and export, tepid domestic consumer spending, unfair treatment of private businesses, excessive control by state-controlled industries, weak innovation, and environmental pressures, among problems that could render China's previous efforts irrelevant or worse, ignite social conflicts.
No easy solutions are expected to be found during this year's two sessions, but the government's determination to seek answers cannot be questioned.
It is widely hoped and believed that the government will continue to increase spending related to improving people's lives and make more concrete efforts to bolster the small business sector.
It will also hopefully make efforts to stabilize foreign trade, but not intentionally seek a trade surplus, which has already become a burden.
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