Bonus from Reforms

Five Trends of Transformation and Reforms after The CPC’s 18th National Congress（2013）

Chief Editor: Chi Fulin

Publisher: China Intercontinental Press

Year: 2013

TRANSFORMATION AND REFORM AFTER THE CPC 18TH NATIONAL CONGRESS

China's reform will undergo profound and complex changes in the next few years within the context created by both the internal and external environment. 

Firstly, reform will be conducted in parallel with economic and social transformation and transformation of government functions. Whether the latter could be successful depends upon the former. Secondly, greater conflicts will emerge in the distribution of benefits and the efforts to solve this problem are crucial to ensuring overall national stability. Thirdly, given the risks that will inevitably exist during the reform, it is vital to work out the reform plan, road map and timetable as soon as possible in order to obtain substantial breakthroughs.

"Reform is China's biggest Bonus". The ongoing urbanization program has the potential to promote greater domestic demand, and efforts should be made to make the most of the opportunity.