Interpreter-What is good relations between China and why is it important?


Author Kevin Yao

BEIJING, Sept 2 (Reuters) – President Xi Jinping has called on China to do better “,” in order to reduce economic inequalities that threaten the country’s economic growth and the legitimacy of the Communist Party.

“Recognized wealth” as a concept is not uncommon in China, but the sharp rise in public opinion and the widespread destruction of industries combined with technology and education have led economists to sell second-largest assets worldwide.

Xi, ready to start its third phase in 2022, is turning to inequality after completing its anti-poverty agenda, promising to “advance” development by 2035 and “achieve” the goal by 2050.

WHAT DOES “DEVELOPMENT” MEAN?

The “famous economy” was first mentioned in the 1950s by Mao Zedong, the founding leader of a country that was then poor, and was repeated in the 1980s by Deng Xiaoping, who radically changed the economy that was destroyed by the Cultural Revolution.

Deng said allowing other people and regions to start gaining wealth for the first time would accelerate economic growth and help achieve the common goal.

China began to gain economic power under the mixed principle of “Chinese-based socialism”, and also fostered similarities, especially between urban and rural, divisions that threaten peace.

The promotion of common development includes ideas ranging from tax cuts and limits on the number of hours that professionals can work to prevent high-value education in high school and the strict limits on which children can play video games.

This year, Xi has shown a complete commitment to the provision of natural resources, saying it is not just a financial goal but the foundation of the ruling party.

Officials say ordinary weight is not enough.

One party official said last month that “ordinary development” did not mean “killing the rich to help the poor”.

The pilot program in Zhejiang province, one of China’s largest economies, was designed to reduce the amount of money available there by 2025.

HOW IS IT DESIGNED?

Chinese leaders have pledged to use taxes and other revenues to boost the population of middle-class citizens, to encourage incumbents, to “wisely change more and more”, and to curb illegal spending.

Beijing has also encouraged high-income companies and individuals to help people through the so-called “third division”, which means charities and donations.

A number of technology companies have announced large donations to help with disaster relief efforts. Tencent Holdings, an online gaming console, will spend $ 100 billion ($ 15.47 billion) on a common good.

The aforementioned changes, such as the introduction of property taxes and inheritance to address the economic crisis, may arouse new interest, but critics believe that these changes will last for years.

Property taxes have been discussed for years and two pilots have been implemented in Shanghai and Chongqing since 2011, but these have not really happened.

Other factors may include job creation and social security.

IS IT POSSIBLE TO HAVE ANY ECONOMIC BENEFITS?

Chinese leaders need to be vigilant in order not to undermine the secret societies that have been contributing to its growth and operations, researchers said.

A well-known economic goal could boost China’s economic recovery in terms of human-led growth to reduce reliance on exports and cash flow, but its principles could undermine population-driven growth, experts say.

Increasing spending and government services, especially in rural areas, can be better used, and a better social security net can reduce caution.

Efforts are underway to support Xi’s “double-digit” approach to economic growth, while China seeks to boost domestic demand, skills and self-reliance, as a result of conflicts with the United States. ($ 1 = 6.4622 Chinese Yuan renminbi) (Author Kevin Yao; Editing Michael Perry)



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