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China faces 'formidable challenges', says Li[1]- Chinadaily.com.cn [Copy link] 中文

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Post time 2015-3-5 11:28:45 |Display all floors
Chinese Premier Li Keqiang delivers a government work report on the opening day of the third session of the 12th National People's Congress in Beijing, March 5, 2014. [Photo/china.com.cn]






Highlights of government work report


Structural problems have become "tigers on the road" holding up China's economic development, Premier Li Keqiang said on Thursday, urging comprehensive reforms and tra ...

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Post time 2015-3-5 11:28:50 |Display all floors
I can't understand why a 7% growth rate is so terrible.
American growth rate hovers around 3.5%.
Besides domestic problems, China should insist on being treated fairly in the international market and WTO violators against China have to readdress the wrongs done to China.
China will go through this slightly bumpy patch with patience, ingenuity and creativity.
China as always will stand up to the challenge and win the day.

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Post time 2015-3-5 13:35:21 |Display all floors
A "market economy" needs markets. The West created markets through pillaging and plundering and settling on native lands thousands of miles from Europe. Billions of people were murdered and at times rendered extinct through the centuries of imperialism, colonialism, and of course capitalism. The legacy of slavery still haunts the United States today.

Can China do better without large scale genocides and other war crimes? Does Li Keqiang think that Chinese entrepreneurs, "innovations" and whatnot are sufficient to lead China to prosperity? The collapse of capitalism or "market economy" was the main cause for WW1 and WW2. The struggle was over land, resources, and of course markets. Japan found itself unable to catch up with the West without the vast lands of China's Northeast, the gas fields in Southeast Asia, and of course cheap labor from the Asian masses. Of course, had Japan won, it would've looked hungrily at Australia and other parts of the world in search of more growth, more resources, more colonies to be conquered, more people to kill off.

China's post-1978 "leaders" are noted for not knowing history, lack of original thinking and vision, and, at times, simple common sense. Otherwise, it would've understood why socialism emerged precisely at the moment when capitalism went international.

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Post time 2015-3-5 17:40:45 |Display all floors
A wonderful holiday without any reference to any western problems for two weeks in February 2015 let me remember the bliss of life without fighting, without having to cause corrections, without having to always stand and always win. Before that fighting became part of the normal daily culture in 1977 when I was 7 years old, life was fun, sparkle, art, music, laughter and playtime. These two weeks of holiday, although I read Physics and Chemistry, I felt as happy as before 1977.

The old western banking system for many centuries was tidal management of gold moving to and fro between bank vaults and people, and the return to banks direction was masked by wars and government changes, and sometimes by relocations of centers of power. We are poised for war, the vaults are empty, in the old ways we new since Alexander and Cleopatra, our way is to war to kill to bring the gold to the vaults. I corrected that. Our examinations allow for only tiny changes to happen, which is different from the GaoKao exam, which allows the chance to allow a huge change to happen. So I put the idea of our examination process into the central banking system so we have our tidal system familiar to us, henceforth making little changes day by day. This part of our system is working.

Many Chinese see our system looks broken, democracy not working, crime rates high, too many disputes, all of which is true observation. The tide is out. The part of the population that was due to be soldiers are alive and voting. Had the correction happened after the war, we wouldn't have such an awful problem, we could do the correction easily. The correction was probably going to kill me. The correction is easy and in near 5000 years, no one before me implemented it and stayed alive. So I waited. The attacks didn't let me wait anymore in 2011, so I implemented the correction and said to the central banks around the world, we implement the correction exactly once. So we are.

The key financial and economic target we all have all across the whole world is, we have to drop our ecofootprint to 3/14 of the 2014 size, according to the way trees and plankton perceive it. We can have as many people as we want doing anything and whatever and believing anyone, however, we have to have our total ecofootprint at 3/14ths of the 2014 ecofootprint. The trees don't care how we do it as long as we keep radiation out.

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Post time 2015-3-6 05:02:34 |Display all floors
It is wise to loosen the size requirement of small enterprises, for many traditional workshops are rather small. What should be absolutely ensured are such indexes as healthiness,environment-friendliness,etc.

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Post time 2015-3-6 07:02:03 |Display all floors
china was the only nation not set back by the "great recession" in 2008 caused by the financial crimes of western banks.
China's safe sailing through this dangerous period was due to her unique political system which allows mistakes can be quickly corrected.
When there was a surplus of empty houses couple years ago, Chinese government stopped the excessive speculation in the free market by reducing lending.
Compared with the toxic over building in America during 2007 to 2011 because of easy mortgage and fraudulent lending, China controls excess beautifully.
Chinese political system is responsible for avoidance of many financial disasters suffered by the west.
The current slight setback is largely due to unfair trade practices by America which is almost fanatical in blocking Chinese goods even when the shortage of these goods cause business closure and lowering of living standard of Americans.
China should learn how to "sell" herself and market her excellent products in all the world instead of just America and the west.

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Post time 2015-3-6 07:04:59 |Display all floors
I don't mean to criticize the premier but I think he  sees the quarter empty cup instead of the more than half full cup of Chinese economy.
7% growth rate is something many nations will kill for.

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