Outgoing Chinese leader: tackle corruption otherwise party and state will collapse

Friday, November 9th 2012 - 05:57 UTC

Full article 5 comments

China’s outgoing leader has warned corruption could destroy the Communist Party but stepped up plans to double the size of the economy and build a powerful maritime force. President Hu Jintao unveiled an ambitious target to double per-capita incomes and implied the economy would achieve annual growth of about 7% over the next eight years. Read full article

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British_Kirchnerist
Hopefully one day China will follow the Latin America path of 21st century socialism, but despite all the many downsides of the current regime, it must be said its still working on the raising of unprecedented numbers out of poverty, and a catastrophic collapse would be much worse for the Chinese people, as we saw in Yeltsin's Russia
Nov 09th, 2012 - 10:17 am - Link - Report abuse 0
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LEPRecon
@1 BK

Why would the Chinese follow a failing model?

Surely a country as successful as China would look for a successful model.

Hey! How about democracy? That seems to work pretty well, and then the socialists will have to prove that their way is the best way.

But South American Socialism is more corrupt than the current Communist regime in China ever could be.
Nov 09th, 2012 - 04:20 pm - Link - Report abuse 0
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jkw
@LEPRecon.....there is no successful “model” for a nation of 1.5 billions, 90% in hand-to-mouth circumstances, to follow. It must make its own model. And it must make it in a world (1) whose current European power structure is only one step removed from colonialism no matter how blandishing its China rhetoric and (2) whose current Americas power structure is so besotted with hereditary colonialists in the South and predatory capitalists in the North that China must check its pockets for its wallet after it shakes hands with either.....But it will survive....If it doesn't get its butt nuked....
Nov 09th, 2012 - 08:18 pm - Link - Report abuse 0
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British_Kirchnerist
#3 Well put
Nov 09th, 2012 - 11:14 pm - Link - Report abuse 0
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Ayayay
The top 70 members of China's People's
Congress, wealth: $89.8 Billion. ALL 660
top U.S. officials net worth $7.5 B
Nov 12th, 2012 - 10:36 pm - Link - Report abuse 0
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