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Xi demands political courage and wisdom from top leaders

1 January 2013

press trust of india
Beijing, 1 Jan: Seeking to mitigate the effect of global financial crises, China's new leader Xi Jinping today demanded more political courage and wisdom from top officials of the ruling Communist Party to deepen economic reforms.
China will stick to its economic reform to build up a socialist market economy and adhere to the China's basic state policy of opening up, Mr Xi, who was elected as general secretary of the CPC, told a group study organised by the party here. He underlined that the party should improve reform policies by learning from people's practises and demand that achievements benefit more people in a fairer way.  
Mr Xi said the opening up and reform policy is an ongoing job. Problems occurring during reform could only be solved by methods created by reform. Mr Xi and the new Chinese leaders have been talking about more economic reforms after their re-election sending a strong signal to bureaucracy to implement more investment oriented policies.
From high growth rates of about 12 per cent an year, the GDP has now come down to around 7.5 per cent as a result of steady fall in exports due to global economic crisis. He said the policy is a long-term, arduous and onerous cause which needs efforts from generation to generation. China implemented its opening up and reform policy in 1978 after ending the Cultural Revolution (1966-1976). Mr Xi said that five principles should be adhered to based on more than 30 years of experience of the policy and advocated five principles.

Mapping out anti-graft campaign
Concerned over rampant corruption cases in China, the new leaders today came out with a fresh strategy to tackle the menace, seen as the biggest threat to the party's six-decade-long hold on power.
Mr Xi Jinping, who succeeded Mr Hu Jintao as the general secretary of Communist Party of China (CPC) two months ago held the 25-member politburo meeting to map out this year's anti-corruption efforts to display new leadership's resolve to tackle the problem seen as a threat to the party's stability and legitimacy.

China to be a responsible major power, says Hu

Beijing, 1 Jan: Unfazed by the “grievous” impact of the global financial crisis, China, the world's second largest economy, will forge ahead with reform and opening up and play its role as a “responsible major power”, President Hu Jintao said today. In his final New Year's address to the nation last night, Mr Hu said China will forge ahead by pushing forward the reform and opening-up drive and independent innovation, to further strengthen the vitality of its economic growth. Under the new leadership of the Communist Party, China will forge ahead towards completing the building of a moderately prosperous society, he said. pti