China Reforms



China is starting-up it’s biggest social and economic reform in decades. Last Tuesday November 12, the 18th Central Committee of the Communist Party of China (CPC) approved to ease the one-child policy, to further open its economy, to abolish reeducation through labor and to reduce the number of crimes punishable with death sentence, among others.

Xinhua, the official press agency of the People’s Republic of China, informed that the CPC had reached an agreement that would change China’s national policies for decades to come. The Chinese press agency released a series of highlighted-communiqués throughout the week summarizing and analyzing the reforms adopted at the Third Plenary session of the CPC’s Central Committee.

The head of the Committee and President of the People’s Republic of China, Xi Jinping, ratified his power and confirmed his intentions to profoundly reform China’s economy; his “Chinese Dream” is now guided by a new and ambitious policy-package.

Social Reform

In one of the most advanced social measures approved, the birth policy was adjusted and improved to promote a long-term balanced development of the population in China. With the new reform, couples are allowed to have two children if one of the parents is an only child. While the previous child-policy entitled urban couples to one child, and rural families to two (if the first born was a girl), the new policy seems to only apply to the urban base in an attempt to balance the gender population in the big cities; since Chinese parents’ preference for sons led to the abortion of female babies due to the one-child policy. In addition, with a new residence policy, a restriction to move from small cities to big urban municipalities has been loosened.

Also, the CPC will abolish the reeducation through labor system as part of its efforts to improve human rights in China. The controversial correction system, commonly known as “Laojiao,” takes in minor offenders whose crimes are not severe enough to take them to court and authorizes their  detention for up to four years without an open trial.

“Further opening of the Chinese economy”

The CPC has also approved to further open up the Chinese economy. China will now open up the banking sector, on condition of strengthened regulations, by allowing qualified private capital to set up small sized banks. It has also decided to allow more private capital into the market in order to develop a more mixed-ownership economy.

For more information on the CPC’s 10-point plan click on this link.



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