China Overhauls Reforms, Empowers Workers and Transforms Cities
In November 2013, China's Communist Party outlined a long-term plan for reforms in a Directives Paper. The main focus is on separating market and state control while strengthening laws. Reforms aim to improve worker rights, boost capital markets, and address non-performing loans. The plan also tackles issues like land rights for farmers, fair pricing for resources, and creating more inclusive cities for millions of migrants. The success of the reforms hinges on careful implementation and balancing the interests of different regions.