Thursday, 13 February 2014

CHINESE COMMUNIST PARTY STUDY MAGAZINE LAYS OUT 4 WAYS TO SURPASS yANKS ECONOMY


Study Times: How to Improve China’s Global Influence

[source]

The Chinese Communist Party Central Party School's magazine, Study Times, recently published an article discussing how to enhance the power of China’s global influence. The article set a two-step goal for the Chinese economy: to catch up with the United States in the total volume of its economy within fifty years and to surpass the U. S. in per-person average GDP in another fifty years. To achieve these goals, the author offered a four-point strategy:

1) To push the construction of a green economy, which will solve the issue of resource constraint and achieve sustainability;

2) To push the reform of China's income structure to achieve more fairness in the distribution of wealth;

3) To push innovation-driven growth to take advantage of a wiser
population;

4) To construct a strong financial system, aimed at the U.S. dollar, the U.S. central bank, and the highly efficient U.S. financial market. The author concluded the article by calling for a stronger leadership of the Communist Party to lead the nation to the new global high ground.

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