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Media Report
October 25 , 2015
  • Wall Street Journal reports that China's Communist Party this week is expected to approve an economic blueprint for scaling back the role of the state over the next five years, while offering clues about the leadership's appetite for bold change in the face of slowing growth. The four-day meeting of the Central Committee—the party's top 300 or so leaders—is a test of whether the political clout President  Xi Jinping has amassed since coming to power three years ago has enabled him to overcome resistance to the reform program he unveiled in 2013. As China's leaders struggle to steer the economy onto a different growth path, a central question around the meeting, which begins Monday, will be whether much-used reform mantras, some of which date back to a similar plenum in 1993, will translate into decisive action.
  • China has never said the economy must grow seven percent this year, Premier Li Keqiang said in comments reported by the government ahead of a key meeting this week that will set economic and social targets for the next five years. Li's comments coincide with remarks by a top central bank official, who said on Saturday that China would be able to keep annual economic growth at around 6-7 percent over that period, reports Reuters.
  • New York Times in its Sunday edition printed a story featuring the "Kingdom of Daughters" in the lakeside village of Luoshui in southwestern China that is known for spectacular natural beauty and exotic cultural experiences. The number of tourists, mostly Chinese, is expected to rise with the opening of a local airport this month and later an expressway connecting Lugu Lake to Chengdu, the capital of Sichuan.

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