Programs of Economic Reform Begin to Emerge
In this essay at Hoover, Barry Naughton writes that China’s leaders declared a reform renewal last year, but nothing of significance occurred until the National People’s Congress concluded. Although the congress confirmed the appointments of important reformist technocrats Zhou Xiaochuan and Lou Jiwei, and Liu He took over the office of the Economics and Finance Leadership Small Group of the Communist Party, power was also carefully balanced with representatives of the state sector. Since the NPC meeting, however, there have been clear signs of a renewal of reform policy-making in both the Communist Party and the State Council. The progress of these initiatives should be carefully monitored.