China Economic Change: Government Promises Overhaul – China News

Unlike attention-seeking politicians elsewhere, senior Communist cadres in China like to keep their ambitions hidden. If anything, they signal grey conservatism, stressing how little they wish to change things. But as the country awaits a change of its leadership late next year, some high officials are up for a bit of self-promotion.

What kind of a society are we living in? In the past decade, China has experienced unbelievable growth.

We're already accustomed to measuring the progress of this country according GDP figures. Soaring GDP growth has given us an overwhelming sense of achievement, and if we measure our progress by GDP numbers, there is not doubt that we've achieved great things.

Richard at the Peking Duck goes over the reasons he feels the government here in China has nothing to fear when it comes to the possibility of Egypt and Tunisia's recent "spirit of revolution" could spill over into the Middle Kingdom.

Wars between major countries are no longer fought on the high seas. It's now economic warfare that threatens to alter the global landscape. It's no longer about which country has the largest navy or nuclear arsenal. It's about which country can win the economic battles. Someone needs to inform Congress and the Federal Reserve, since they rarely mention China's oncoming juggernaut.