What Lies Ahead in 2007?

Related entries: Business Issues, General, News, Research

What does 2007 hold for China? No one knows for sure, but the people at Xinhua and People’s Daily have listed some of the major upcoming events…and reckon that “2007 will be extremely busy, productive and crucial for the country’s reforms and development”. My comments follow the paper’s reports:

    • The Communist Party of China (CPC) will convene its 17th national congress in the second half of this year in Beijing.

    (Will we see more “competitive” elections for the 2,200 regional delegates?)

    • Preparation for the Beijing Olympic Games is entering the final stage as the one-year countdown will begin in August.

    (Construction may be on track, but how will pollution and congestion issues be addressed?).

    • China will mark its tenth anniversary of the return of Hong Kong on July 1, 2007.

    (Already? How time flies! The celebrations will focus on the successes of the enterprise, but can be expected to ignore the hand of Beijing on local political and corporate life).

    • China will commemorate the 80th anniversary of the founding of the People’s Liberation Army (PLA) on Aug. 1, 2007.

    (They – all 2.3 million of them – are likely to play up China’s “peaceful rise” and defensive focus. And the US will continue to ask searching questions about PLA funding. Meanwhile the US equivalent will likely keep quiet about its own, rather generous budget…).

    • National Economy to Realize “Efficient and Rapid” Growth

    (Central government will continue to use policy to guide the, increasingly private, economy. People’s Daily notes that “it is important to note the change of requirement for economic growth from “‘rapid and efficient’ to ‘efficient and rapid’” . Quality over quantity is the order of the year.

    • The fifth full session of the Tenth National People’s Congress (NPC), which will convene in March, will deliberate the drafts of Property Law and Corporate Income Tax Law.

    (Much law drafting will be undertaken including on property rights and corporate tax harmonization (25%?). News on employment and anti-monopoly laws may also be expected.)

    • Modern Agriculture, Prime Task for New Countryside Construction

    (Must keep the countryside happy and harmonious…and productive).

    • Chang’e I Moon Orbiting Project to Be Fulfilled

    (No launch date is set yet, but China aims for a moon orbiting satellite – and to prove to the world it’s technological capabilities).

All in all it will be another busy year – and Chinese New Year is already just around the corner (February 18th). No doubt there will also be plenty of surprises (good, bad and ulgy) in store – and China Business Blog will be keeping an eye out for them…

See news source:

Leave a Reply

You must be logged in to post a comment.