China's leadership meets to crack down on 'abuse of power' and promote 'rule of the law'

Monday, October 20th 2014 - 07:15 UTC

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Leaders of China's ruling Communist Party opened a highly-anticipated meeting Monday, as state media emphasized the need to tighten control over the country's legal system. Known as the Fourth Plenum, it brings together the party's 205-strong Central Committee and around 170 reserve members, along with officials from bodies including its much-feared internal watchdog, the Central Commission for Discipline Inspection. Read full article

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Rick from Maryland
I wonder if this is the beginning of the long-expected crackdown on free market/ private property advances that has driven the rapid Chinese economy recently.

I have long-held that the explosion of newly wealthy business owners and professionals would soon become a threat to the monopoly of power held by the Communist Party leadership.

Its been a tight rope walk for them - they need the economic benefits of capitalism, but can't allow that freedom to translate into political power.

I suspect that we'll see a massive attempt by Chinese entrepreneurs and business owners to get as much of their newly acquired wealth out of China (and then themselves and families if they don't want to see their property expropriated and themselves tossed in jail if they protest).
Oct 20th, 2014 - 02:22 pm - Link - Report abuse 0
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ChrisR
@ 1

Unless they are 'friends of the Party', if they haven't left by now it might already be too late if this lot have their way.
Oct 20th, 2014 - 06:59 pm - Link - Report abuse 0
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