Summary:
In a time of economic advances and stimulants for the Chinese economy, Chinese Premier Wen Jiabao is stressing the necessity to stabilize food prices and the housing market in his native country. Wen met with his State Council and fellow Chinese politicians to discuss the possibility of helping farmers prepare for winter, spring ploughing, and aiding the farmers most affected by the long and harsh winter months. Wen also stressed the importance of maintaining a strong and balanced real estate sector of the economy. He urged authorities to "increase supply of residential buildings available at medium to low prices, curb property speculation, and enhance government supervision." Wen also focused on the need to balance out the supply and demand issues facing the transportation sector at present. Most of these changes are predicted to be implemented and placed in the next Five-Year plan.
Significance:
The Communistic style of government that we have continually mentioned in class plays a major role in the decisions that Premier Wen is making. With heavy governmental supervision over Chinese aspects of life such as agriculture, transportation, and the housing market, little competition can evolve in the private sectors. Also, this article displays the attributes of a unitary government. These governments are located centrally and hold power over all of the land, including separate provinces, states, and parishes. The government, in this case, even monitors and supervises when farmers begin to plough in each season. The article also mentions that the State Council will hear from several local representatives, but the ultimate decisions and policy changes will be made at the federal level.
No comments:
Post a Comment