3/12/2017

Li Keqiang’s speech – What to make out of it?



Premier Li Keqiang has delivered his much awaited and most watched speech at the 12th National People’s Congress and China watchers are busily trying to dissect every bit of his speech to understand what he was saying and where is China heading. The keynote address by the Prime Minister of China has gained stature internationally and would be closely watched by leaders of nations around the world wanting to understand China and its policies. Any analyst hoping and expecting something dramatic and earth shaking pronouncement in this speech is likely to be disappointed. Li Keqiang’s speech is best described by a few words, consolidation, stability and avoiding the risk that may come from domestic and external factors.



The tempo of the speech, covering almost every aspect of the Chinese economy and touching on the life of the Chinese people, is a sign of a leadership that is comfortable with what they have achieved and what they had set out to do. It is a speech that said China is on the right course and will continue to move ahead in a steady pace with not much haste.



China has initiated many big plans and projects internally and in the international arena in the last decades, particularly in the last few years. A distinct observation that everything is going on as planned, and doing well, is their absence from being mentioned in Li Keqiang’s speech.  What were not spoken were equally important if not more important like the AIIB and One Belt One Road international projects. The American rhetoric on the South China Sea were not worthy of mention as well. The anti corruption drive too did not find a place in the speech.



The whole emphasis of Li’s speech is about consolidation of what China has been doing over the years, economic development to bring about a prosperous China and better quality of living for its people. Improving the environment, clear sky, creating jobs and lowering unemployment and agricultural reforms to improve productivity took the main stage. The economy is targeted to continue to grow at a more leisure pace of 6.5%, a departure from the years of hectic double digit growth to ensure a more stable and sustainable growth.



The overall picture is a China growing at its own terms and dictates with no great concern or the need to take high risk. There is no worrying trends and development that could trip the progress of the Chinese economy and China’s growing prosperity. 


There are areas of concern but nothing unmanageable. Li Keqiang did raise the issue of independence movements in Hong Kong and Taiwan, and China’s sovereignty in the South China Sea. His message was simple, without being confrontational to unsettle the critics and doomsayers, that China would firmly and resolutely protect the One China policy, removing any doubts on what China would do when the One China policy and Chinese sovereignty are challenged.


Li Keqiang did not respond directly to the provocative rhetoric from the Americans and in a way keep the South China Sea on an even keel. The modest increase in the Chinese defence budget of 7% is also another statement that says threats to China’s national security would be taken seriously but not something the Chinese leader is unduly worried about. China is not in a hurry to over indulge in military spending or in an arms race with the USA to compete for military dominance and superiority. 



China has chosen the path of economic development, to continue to grow and develop in a measured and predictable manner to improve the lives of the Chinese people. Military adventure and supremacy are not China's cup of tea.

In summary, Li Keqiang's speech is all about economic development, prosperity and the well being of the Chinese people and for China to continue to grow as a sovereign nation.

PS. Posted this in China Daily

50 comments:

Anonymous said...

What the Chinese Premier did is correct? The economic path that China take is also correct so as to improves the life of the Chinese. Did he mention about asking the UAssh to follow any international law? Did he provoke the Supreme UAssH power to create unrest in Asia-Pacific? Did he urge or force countries to adopt China One China Policy ? Did the Premier ask the CCCP to increase the country Water price as its an existential issue for man kind? Did he also ask their garmen to increase 'clean air' taxes & so on? It look like China is more mature than any democratic countries in this mother Earth? And China gonna be growing stronger & stronger & be an economic power house soonest ..

Anonymous said...

Chinese leaders have conviction of public service. They are doing their jobs because they wanted to serve not because of money. One thing that they should do is to continue to improve their carrier sinking capability, more submarines that can fire at the carriers and land and anti satellite capabilities. These are cheaper than building more carriers like the west. One missile with few millions can sink a multi billion carrier.

Anonymous said...

Uncle RB //A distinct observation that everything is going on as planned, and doing well, is their absence from being mentioned in Li Keqiang’s speech. What were not spoken were equally important if not more important like the AIIB and One Belt One Road international projects.//


Uncle RB,

Thank you for writing a translated interpretation of Chinese Premier Li Ke Qiang speech .

Many sinkies and oldies might not have read it given the peesai domestic distractions and many "upheavals in tax increases" reverberating in the hearts, minds, souls, sinews, bone marrows, muscles, tendons, joints, organs, spirit and every cell of sinkies, especially the lower income poor sinkies.

Regarding the speech, referring to the original Chinese draft spoken by Li Ke Qiang, wonder whether u read/ analysed it using the original Chinese version or translated English version by other media/ sources or u listened to the original speech.

There is No intention to contradict you.

Here is a small excerpt from the original Chinese speech by Premier Li Ke Qiang:

Quote

对外开放推出新举措,“一带一路”建设进展快速,一批重大工程和国际产能合作项目落地。

Unquote

Li Ke Qiang mentioned about 1B1R in the above excerpt (in Chinese).

Thank you.

Cheers

Anonymous said...

China has chosen the path of economic development, to continue to grow and develop in a measured and predictable manner to improve the lives of the Chinese people.
Military adventure and supremacy are not China's cup of tea.
Posted by RB in China Daily

Tiok.

Just as smart Sinkies has chosen the path to make lots of money to live a good life, if not in Singapore, then emigrate to elsewhere to do it lah.

Not say trying to replace PAP as govt, even joining the Sinkie opposition just to fight PAP in elections, is not smart Sinkie's cup of tea.

Chua Chin Leng aka redbean said...

Thank you 9:47.

Indeed Li Keqiang did talk about the OBOR but the time spent on it was not much, just like the SCS and American provocations. The emphasis was on making China prosperous and for the good of the Chinese people without shouting Chinese First like the Americans and their hostile rhetoric on international policies and defence spending.

Anonymous said...

Just as smart Sinkies has chosen the path to make lots of money to live a good life...
9:47 am

That applies as well to PAP Sinkies, especially ministers. They are smart in making money by paying themselves million dollar salaries.

They are also smart by not being in the opposition, but as ruling party.

And smartest of all, they know it's time to raise prices of water and other essentials when they sense the money no enough for them. Hahahahaha.

Anonymous said...

Rb //Premier Li Keqiang has delivered his much awaited and most watched speech at the 19th National People’s Congress ...//


Btw, the 19th National Congress of the Communist Party of China should be during Autumn of 2017?

Are u actually referring to the annual congress (Liang Zhong Quan Hui)?

Just to clarify on the same page .......?

Anonymous said...

Indeed!

Agree!

Not like some peesai politicians "spouting rubbish in the echo chamber"?

The gap in standard is as vast as the size of China's 9.6 million sq km land area and ..... ahemmm ...... nnnnnngggggggg ..... (better dun say) .......?

In comparison, it is aircraft carrier vs (make-shift) raft (not even sampan)?

Anonymous said...

They are also smart by not being in the opposition, but as ruling party.
9:55 am

That's not because they are smart, but rather because the Sinkies which they rule are stupid, especially those who suffer from money no enough under their rule.

Anonymous said...

@RB 9.51am

Angkol,, u r right.

China policy is geared towards '发啊!' or Huat ah !
Americunts policy is geared towards 'F&%$ yeah' or 'Fight u wanna'
Sinkieland policy lagi best -- ' Huat ah' ' Screw ah' 'Suck la' everything UP , even like to 'Jump Up' & Smile up when taking selfies ...

Anonymous said...

The emphasis was on making China prosperous and for the good of the Chinese people without shouting Chinese First like the Americans...
RB 9:51 am

It's not that they don't want to shout Chinese first, but rather unlike the Americans, it may not serve their interests to do that. Just as shouting "Singaporeans First" also does not help, as seen by Hainan Ah Kor getting only 20 plus % votes from Sinkies.

For one, the American dollar is an international currency and also so many people all over the world, including our boy hero Amos, want to emigrate to America.

So Trump being smart, can see that it serves American interests by shouting "Americans First".



Anonymous said...

@ Anonymous March 12, 2017 9:55 am
///Just as smart Sinkies has chosen the path to make lots of money to live a good life...
9:47 am

That applies as well to PAP Sinkies, especially ministers. They are smart in making money by paying themselves million dollar salaries.

They are also smart by not being in the opposition, but as ruling party.

And smartest of all, they know it's time to raise prices of water and other essentials when they sense the money no enough for them. Hahahahaha.///



Anon 9.55am,

Yew and the PAPigs think this is funny "EXTRACTING BLOOD, SWEAT, TEARS $$$" from poor sinkies?

No wonder China and Sin City are on OPPOSITE TRAJECTORY?

China rapidly ascending and sin city on free fall .......?

Below is another excerpt from Li Ke Qiang original Chinese speech:

Quote

"人民生活继续改善。全国居民人均可支配收入实际增长6.3%。农村贫困人口减少1240万,易地扶贫搬迁人口超过240万。棚户区住房改造600多万套,农村危房改造380多万户。国内旅游快速增长,出境旅游超过1.2亿人次,城乡居民生活水平有新的提高。

Unquote

1) Li Ke Qiang proudly told the congress the lives of the Chinese people have continued to improve!

2) Disposal REAL WAGE GROWTH grew by 6.3%.

3) Poverty in villages were reduced by 12.4 million people.

4) 2.4 million people were helped with poor families relocation programe.

5) 6 million housing units were rebuilt in poorer areas.

6) More than 120 million overseas tourism trips made by Mainland Chinese.


In Sin City annual report, the first "SHOCK" sinkies get is 30% water tax increase.

The 2nd shock is carbon tax.

The 3rd shock is motor parf 100% increase.

The 4th shock is harakiri's soon to be public tpt fees hike.

The 5th shock is hint of all tax revenue channels will be explored.

The 6th shock is hint of tax rate increase (likely GST etc).

Can see the diff why China is rapidly rising and sin city is on a cliff-like free fall?

Anonymous said...

Just as shouting "Singaporeans First" also does not help,...
10:20 am

Tiok. Because the Sinkie bosses will not make money as Singaporean workers are too expensive and need to close shop. So PAP lose, Sinkie bosses lose, Singaporeans also lose when their boss cannot make money.

At least with foreign talents, the Sinkie bosses can make money, the foreign talents can earn money, so PAP win, Sinkie bosses win, foreign talents win, never mind some Sinkies (maybe 30%) lose.

Anonymous said...

Li impressed me once when i watched tv through the 20mins report on Li chairing a meeting on civil servants quality standards. During that time it was middle of his 5 year term. Li was a precise man. His briefing chair by him was far in dept than most leaders who spoke generally about a subject. Since then, i have specially interest on watching Li. Once Li noticed china could not make ball pen balls, he was furious. This year s NP congress, Xi avoided big speeches, but attended shanghai group s meeting and mingled with china minority. Li and others gave their reports and proposals. It was a different Np congress, based on my watching from media.

Li has lots of successes. His "internet+" strategy mentioned in last Npc started to work this year. AI on immediate translation of china speeches was in use. Robot was able to answer Li s questioning most of the time, such as why are you call xiabai, the robot said made by baidu. But Li question on PMi2.5 gave no answer. This showed Li was actually an uptodate engineer my guess.

One road one belt is no longer a proposal. London to China train trips are already on. Britain leaving EU is coming in 2 days time. Britain is prepared to leave without any agreement with the EU, which demanded 50 billions pounds as divorce fee.

We can see the whole world is changing with new leaders. Trump is not talking about no border dream. His way got jobs boost far beyond expected, interest rate went high yet USD went up, while China used up cash reserves to buy RMB up, to prevent its slides. Its the new concepts that work. Li was the right man to go into details to guide china s economy. Its the precision in language that impressed the world. No no sense like world class division one, type of standard. New breed of politicians are taking over the world. except one place, still dreaming of army experience can rule the economy against these mighty precision minded politicians.

The real danger is THAAD? i guess china might come out some comms that THAAD radar cannot detect such as quantum comms in future, with Li and his influence on china industries.
Trump is unlikely to go into war with china in view of the good job markets. Scs is for little dot to yell and shout. But pinoys are happy with the new found money and trade opportunities. China will overcome with its money on war. Only little dot have got nothing, and lacking the real capability in inventions. AI is not new to little dot. But its leeders killed those who knew AI s jobs, and drove them to drive taxi, while little dot pretends to be world leader in innovation, given by the west. But the west is going down fast. Watch EU breaking into parts sooner than expected. It was a bluff to gain what number one in the world for little dot. Can sell something to make money in china or usa market? none.

Anonymous said...

China's fight to break U.S. global hegemony is forever uphill as the current world's financial system is based on the U.S. dollar as the premier reserve currency. With the existing system, the Yannkees, whenever they need funding, can always print as much money as they want (via the Federal Reserve's expansion of its balance sheet from quantitative easing), and yet the greenback is still accepted in every country.

Anonymous said...

@ AnonymousMarch 12, 2017 10:05 am ///China policy is geared towards '发啊!' or Huat ah !
Americunts policy is geared towards 'F&%$ yeah' or 'Fight u wanna'
Sinkieland policy lagi best -- ' Huat ah' ' Screw ah' 'Suck la' everything UP , even like to 'Jump Up' & Smile up when taking selfies ...///


Old farted man-made artifice is "breaking up, disintegrating and falling apart", thanks to the "top talented team" he installed since "LaoGoa, Mabodo Tan" and now "Childish (future) PeeAyam, (Lawless) Scum, Action Ayam Nasi hawker turned Economist ......"

This could be the worst case scenario old farted envisaged?

Before and after old farted officially relinquished his post, he painstakingly, fervently and furiously built up institutions to mitigate "duds" ....... so that sampan have wherewithal to withstand turbulances ...... and stay afloat till the next group of men (and women) come into the scene just like he and the old guards did ...... (as he mentioned several times throughout his later years ......)?

Alas, it could be NOT meant to be ......?

Dun think there is any (standby) team in sight to step into the shoes .....?

It will likely be the case of humty dumpty had a great fall and like a broken porcelain, cannot glue it back le (to its original state) and so no value le .......?

Game over .....?

Anonymous said...

Peesai reliance on foreigners strategy under LaoGoa since 1990 is a total screw up?

In 1998 when France won the world cup, LaoGoa convinced old farted this was the way to go cos more than half the French 1998 World Cup winning team was born on foreign shores ......?

This is madness "TRANSITIVITY" logic that if A is so then B must be so?

Anonymous said...

The chronicle of China's rise dates back more than 106 years since the fall of the Qing Dynasty in 1911?

It went as far back as 1850 after the 1st Opium War?

After the 2nd Opium War, China's Qing Imperial Court has no doubt what their weaknesses was and set about building up their capabilities?

Anonymous said...

In 1998 when France won the world cup, LaoGoa convinced old farted this was the way to go...
...This is madness "TRANSITIVITY" logic that if A is so then B must be so?
11:20 am

Tiok. On hindsight it is madness, but then hor, if LaoGoa never tried, he also never know, tio bo?

But I think LaoGoa made a big mistake. He thought Sinkieland is France and foreign talent as applied to World Cup can also apply to other areas. But at least Sinkieland is right with table tennis foreign talents. We got an Olympic medal because of them, isn't it? But so what?

Anonymous said...

The leaders in that era proved far more long-sighted, smarted and wiser than LaoGoa?

What are the lessons that can be learnt in terms of national strategic policies during that era that can be transported and adapted for the strategic interests and lo(oooo)ngevity of peesai?

Well .....

The IB especially anon 9.55/ 10.28am thinks PAPigs are know all and "very funny to screw the 30% especially the poor sinkies"?

The strategic blunders LaoGoa made will very likely come back to haunt the City of Sins (and the Little India Riot in Dec 2013 was just a primer and in a very small way relative to what it could be in the future when it is not carried out by a mob but an organised, highly educated ..... etc foreign group/ groups painstakingly and assiduously PLANNED .......? It is likely to be ONE BIG KNOCKOUT BLOW?)?

Time will tell ......?

Anonymous said...

It is likely to be ONE BIG KNOCKOUT BLOW?)?
Time will tell ......?
11:38 am

Time will tell when the Sinkie opposition is ready to be govt.

Will that time come, u tell me lah?

Anonymous said...

Anon 11.37am //But I think LaoGoa made a big mistake. He thought Sinkieland is France and foreign talent as applied to World Cup can also apply to other areas. But at least Sinkieland is right with table tennis foreign talents. We got an Olympic medal because of them, isn't it?//


Yew ARE a BIGGER moron than "LaoGoa"?

In the 2016 Olympic, how many COPPER (much less bronze, silver or gold) medal did the table tennis team win?

In the end, a HISTORIC (1st Olympic) GOLD is (still) won by a sinkie and more to come in the years ahead?

Anonymous said...

Definitely NOT?

NO SENSIBLE oppo would want take over (a SHATTERED humpty dumpty or porcelain and try to glue it back cos game over le?)?

No?

Anonymous said...

Anon 9.55am/ 10.28am/ 11.55am,

U are unworthy (and far, far ever ......)?

Get lost?

Not gg waste (precious) time on YEW .......!?

Anonymous said...

Next (irritating mozzie and unworthy IB) pls .....?

Anonymous said...

Get lost?
12:06 pm

Your blog is it? Only RB can make me get lost.

Not interested, don't read lah.

Anonymous said...

Haha.....

Comparing Sinking Dot to a 5000 over year old civilization that is million times in size.

Sinkies better care about
your own personal survival.
You think you can afford to take care of another?

How many were at Hong Lim Park yesterday?

200 people?

Anonymous said...

Did the Premier ask the CCCP to increase the country Water price as its an existential issue for man kind?

Nope, but you failed to mention they did up public transport fees

Anonymous said...

"How many were at Hong Lim Park yesterday?"

The number is not important in my view. The pro foreigners policy got the attention of whole singapore and whole world.

Now people round the world are watching singapore s pro foreigner policy success.

The whole world want to follow pinky s pro foreigner policy. This policy was Hillary s no border dream leaked out in Wiki email. Tony Blair, the great British PM who was good kaki of one old man of little dot. Old man used to in out Tony s office. Both places imported several millions foreigners in one single go on the flood gate.
Tony Blair now is the most respect ex PM in Britain. His immigration policy was well loved, and his Labor party went holidaying since Tony was kick out of PM office.

Only old man s pro immigrants open flood gate policy is a success to show to the world now, his son got 70% support, when old man went back to nowhere. So the 5000-8000 at HLP was a celebration of old man s good for singapore pro foreigner policy.

Yesterday s water bill 30% protest was reported outside singapore. Inside singapore people are so satisfied with the increase 30%. They no longer want to join the muddy land in town. Pinky should expect 99% support for increasing 30%. I would hope it can be 300 or 3000% increase for one go, similar to the 3 millions immigrants came in under old man s time. Most people are like me, they dont support HLP because the increase was correct and justified.

Anonymous said...

12.36pm //Comparing Sinking Dot to a 5000 over year old civilization that is million times in size.

Sinkies better care about
your own personal survival.
You think you can afford to take care of another?//


Ha ha ha

Lo(oooooooo)ng ago never care about the (absurd) peesai lo .....?

Old farted himself already (PUBLICLY) said in the British colonial time Legislative Assembly 1957 debate that peesai is an "ABSURDITY"?

Go check the 1957 Legislative Assembly hansard ......?

Dun be lazy?

The Dragon Fly said...

The 12th National People's Congress - Part 1

Essence of Chinese Premier Li Keqiang's Speech at the Opening Ceremony of the 5th Session of China’s 12th National People’s Congress (NPC) on the morning of March 5, 2017 to 3,000 legislators in the Great Hall of the People.

The annual two sessions is the occasion when the voices of billions can be heard. The delegates are taking on their responsibilities with their commitments to steering the ship of China – a mission concerning the happiness of millions of households. The NPC Deputies and CPPCC Members are expected to speak for people and renew the missions of China.


1. The Chinese Mainland will resolutely oppose and contain separatist activities seeking Taiwan's independence.

2. The Chinese Mainland will thoroughly implement the Policies on work related to Taiwan, uphold the One-China Principle, and safeguard the 1992 Consensus as the Common Political Foundation.

3. The Central Government will continue to implement, both to the letter and in spirit, the Principle of “One Country, Two Systems,” under which the people of Hong Kong govern Hong Kong, the people of Macao govern Macao, and both regions enjoy a high degree of autonomy.

4. Continue to act in strict compliance with China’s Constitution and the Basic Laws of the Hong Kong and Macao Special Administrative Regions, and ensure that the Principle of ‘One Country, Two systems’ is steadfastly applied in Hong Kong and Macao without being bent or distorted.

5. To strengthen its Maritime and Air Defense as well as Border cControl amid efforts to safeguard its sSovereignty and Security.

6. To ensure the organization of important operations related to countering terrorism, safeguarding stability, international peacekeeping, and providing escort in high seas.

7. To turn more than 800,000 hectares of marginal farmland into forests or grassland this year and will begin to pilot projects to improve the quality of forests and restore ecosystems along the Yangtze Economic Belt. Chemical oxygen demand and ammonia nitrogen emissions should both drop by 2% this year.

8. To place all key sources of industrial pollution under round-the-clock online monitoring and China will also strengthen research on the causes of smog to improve the scientific basis and precision of the steps taken.

9. To step up work on upgrading coal-fired power plants to achieve ultra-low emissions and energy conservation, to be completed this year in the eastern region, next year in the central region, and by 2020 in the western region.

10. To work harder to address pollution caused by coal burning. Comprehensive steps will be taken to replace the use of coal with electricity and natural gas in more than three million households.

11. To cut sulfur dioxide and nitrogen oxide emissions by 3% this year, as part of the efforts to make the skies blue again.

12. To opposes protectionism of different forms, therefore China will become more involved in global governance and steer economic globalization to see it more inclusive, mutually beneficial, and equitable.

13. To make big moves to improve the environment for foreign investors, including making service industries, manufacturing, and mining more open to foreign investment, encouraging foreign-invested firms to be listed and issue bonds in China, and allowing them to take part in national science and technology projects.

14. To push ahead with the Belt and Road Initiative by accelerating the building of overland economic corridors and maritime cooperation hubs, and deepening international industrial-capacity cooperation.

15. To accelerate the development of emerging industries - R&D on and commercialization of new materials, artificial intelligence, integrated circuits, bio-pharmacy, 5G mobile communications, and other technologies, and develop industrial clusters in these fields.

Continues ...

Anonymous said...

"Little India Riot in Dec 2013 was just a primer and in a very small way relative to what it could be in the future when it is not carried out by a mob" 11:38am

It was not by a mob. It was by a group of frustrated workers and they did not live with local laws, they could care less when angry.

Readers must read the word angry crowd. Dont believe me? After the 2013 Dec 8 night, the changes at workers visiting that place has improved a lot, the waiting place was well built. This reflected what? The exploitative attitudes of the elite group. Readers must remember, after the riot, the Indian embassy woman visited the workers dormitory by dormitory. She knew what are good standards obviously. We as outsiders were happy, heng ah, got Indian embassy to look after the poor workers living conditions to avoid another riot.

I worry about the new riot too. This one may comes from the real planned move by the organized millions of foreigners living inside this island, and the numbers are increasing on the white papers to 7 millions. Unless voters vote out pinky and his clones, there is likely to be a huge problem. May be that is the only time voters want pinky n clones out similar to Tony Blair who brought Iraq war to Britain on phony prospectus. Sinkies are diehard pinky fans, too bad, hardluck.

The Dragon Fly said...

The 12th National People's Congress - Part 1

Essence of Chinese Premier Li Keqiang's Speech continues:

16. To strengthen the capability for making technological innovations, by improving mechanisms for providing continued long-term support for fundamental research and original research, building major national infrastructure projects for science and technology and setting up technological innovation hubs, and establishing platforms for sharing R&D resources, among other measures.

17. To invest 800 billion yuan in railway construction and 1.8 trillion yuan in highway and waterway projects, and begin construction on another 15 major water conservation projects.

18. To make greater efforts this year to implement innovation-driven development strategy, upgrade the structure of the real economy, and improve its performance and competitiveness.

19. To speed up the transformation and upgrading of The Real Economy, which has always been the foundation of China’s development.

20. To reduce the number of rural residents living in poverty by over 10 million, including 3.4 million to be relocated from inhospitable areas - Central Government funding for poverty alleviation will be increased by over 30%.

21. To place tighter constraints on companies’ leveraging, especially state-owned enterprises, to gradually bring down Corporate Debt to an acceptable level.

22. Li stressed: We need to be clear that housing is for people to live in, and local governments should take primary responsibility in this respect.

23. To take targeted policies to cut excessive Real Estate Inventory in the 3rd and 4th Tier Cities and support residents to buy homes for personal use.

24. To make more use of market- and law-based methods to effectively deal with “zombie enterprises.”

25. To cut over-capacity in bloated Sectors, with targets to slash steel production capacity by around 50 million tonnes and coal by at least 150 million tonnes this year.

26. To pursue a prudent and neutral Monetary Policy in 2017, with the M2 money supply to grow by around 12%.

27. Government Fiscal Deficit is set at 2.38 trillion yuan (US$345 billion), or 3 percent of China's GDP for 2017.

28. To create more than 11 million jobs this year, with registered urban unemployment rate kept within 4.5%.

29. Consumer Inflation to be kept at around 3% for 2017.

30. GDP Growth Target at around 6.5 percent for 2017.


China’s GDP expanded by 6.7 percent last year to 74.4 trillion yuan. China’s economic growth in 2016 out-paced most other economies and accounted for more than 30% of Global Growth.

This is a two-part summary; part 2 will follow.

Anonymous said...

Anon 1.28pm //I worry about the new riot too. This one may comes from the real planned move by the organized millions of foreigners living inside this island, and the numbers are increasing on the white papers to 7 millions. //


Thanks for your concurrence ....

Btw, hope the "Zambak" cream was effective for the "mosquito bites" .... few days ago ......

On a more serious notes, it is moronic to place several strategic key services in the hands of foreigners and yet "argue and talk COCK until face turn white, pale and blue abt EXISTENTIAL and STRATEGIC water resource" to justify whatever tax increase they wanted to impose on (and extract from) the poor low income sinkies?

Anonymous said...

LaoGoa foreigner first policy has failed miserably (and likely much worst down the road) across the entire spectrum from sports to key strategic services to local industries ......?

It is so ironical?

The first Olympic gold is achieved by a sinkie who has to scoot away thousands of miles for his training and continue to do so for (his) future successes?

Anonymous said...

"EXISTENTIAL"
1:55pm

I have come to one conclusion after watching what politicians said. I prefer to be plain and straight in language. I agree with that word: its about my own existence.

Increase water 30% is about my own existence without water? NO.
The 3 millions population has enough water as planned before the influx of 2.7millions foreigners. These foreigners were UNPLANNED for. Similar to the roads jams, mrt jams, now water shortage.

Water shortage came from warning from Johor water reserves. My guess is: Johor can easily turn the table flip it over. After UMNO loses power, if happens, the new government may not be so friendly to Singapore. They promised to end High speed rail from China at KL only. That effectively cut off Singapore.

Wanna provide water to Singapore and make its own opposition ruled Johor thirst for water? I do not think the new PM will bother. They can pay a compensation and call off the water contract once for all. Johor has more residents. The water collection might face more problems when more areas are built up with less forested area. Rivers will dry up.

Meanwhile, Singapore is giving PR professional passes to starve its own citizens from income, foods and worst, water.

Yet the ruling party gets the higher and higher popularity votes. Next state funeral doesnt know when, might be the election day afterwards. I hope this round, people remember the population expansion policy is not about birth rate. Its as poor. But about increasing the elites own salary through gdp figure. While voters get thirst hungry threat, no end to it if the expansion reaches 7 millions. Worst 10 millions. Riots is or will be common forms of crowd anger expression. The elite will not be able to control. Can see from how the uniform groups respond to foreigners violence. Take hour to arrive at the scene. Nil one want to be in unlucky situation.

Anonymous said...

2.15pm //I have come to one conclusion after watching what politicians said.//


There are so many things "Existential" in life?

No?

How about pang sai, rice, salt, sleep, pang jio, even menses ..... oops ......, ?

So (are they) gg to jack up the price of ...... arh ....... "Kortak" bcos all the fair gender need it?

They are trying to find excuses but seem quite "lame and shallow"?

And (these are) gg to be (the) 4G core LEEdership?

The "good thing" about watching all these is "watching a circus show without paying for it" ......?

Dunno should laugh or cry?

Like the look on the face of your favourite NCMP Leon Pereira?

His face looked like so "pitiful" after the answers he got for the several qns he raised?

(These type of answers oso "dare to give"? So shallow?)

Dunno cry or laugh lor?

Chua Chin Leng aka redbean said...

Thanks Anon 9:55am. Error amended. It is the 12th and not 19th.

Anonymous said...

One guy said this expensive at ass.

Nasi lemak with additions: He asked for 1 hotdog, 1 egg and 1 small fish fillet with curry sauce.

Total cost : $8.

I think he should not order the fish fillet and egg. He can cook them at home to see how much are they now?

I think $8 is fair price. Water is expensive in singapore, rental is more expensive, and staff salary no need to pay: pay the staff 3k to get employment pass then take back $2k cash. That can be the way to survive the stall.

Anonymous said...

Rb, what had happen to Sgtalk.org?

Anonymous said...

:)

Thks for writing this article in the first place.

祖国, 加油!

Anonymous said...

Li Keqiang sounds very professional.
Does not look like he is running an Ah Lee Baba business.

The Dragon Fly said...

The 12th National People's Congress - Part 2

Highlights of the NPC, or "Two Sessions" in 2017:

1. Supply-side Reform
2. Judicial Reform
3. Improvement of people’s Living Conditions
4. Shared interests generated from Reform and Development
5. Innovation - new growth engines for economic and social development
6. Environmental Protection
7. Proper Utilization of Land.

Dubbed the “Two Sessions”, the dual gathering is significant in China’s political calendar as it sets the National Aagenda for the year and beyond.

This year the meetings carry extra weight as they are the 5th and last sessions of the 12th NPC and the 12th CPPCC National Committee.

The two sessions are also the first High-Profile National Political Events held since President Xi Jinping was endorsed as the Core of the Communist Party of China (CPC) Central Committee at a key CPC meeting last October.

Consensus

Through the meetings, greater consensus will be gathered to build a moderately prosperous society and Xi’s thoughts on State Governance will be more clear-cut.

New Ideas

New ideas, thoughts and strategies of State Governance under the leadership of the CPC Central Committee with Xi as the Core have solid foundation of public opinion. Proven successful by experience, they have won the people’s support. They will become an important theme of the ‘Two Sessions’ and the CPC’s 19th National Congress.

Economy

China’s economy is expected to remain the strongest engine for world economic growth in 2017. According to data from the World Bank, China’s 2016 growth would account for about a third of world growth, larger than the contribution from any other country.

China’s ‘No. 1 Central Document’ focuses on agriculture for 14th consecutive year. When carrying forward supply-side structural reform for the sector, national grain security must be guaranteed, according to the document.

Environment

China is intensifying efforts to fight pollution and environmental degradation after decades of growth left the country saddled with problems such as smog and contaminated soil.

Belt and Road Initiative

1. The Belt and Road Initiative is advancing steadily, bringing investment and jobs to participating countries.

2. More than 100 countries and international organizations have joined the initiative and over 40 of them have cooperation agreements with China.

3. Chinese businesses have helped build 56 economic and trade cooperation zones in 20 countries along the Belt and Road, with total investment exceeding 18 billion U.S. dollars, helping generate over 1 billion U.S. dollars in tax revenue and more than 160,000 jobs.

Anti-Corruption

To build a clean and advanced Ruling Party, President Xi Jinping has carried out a sweeping campaign against corruption, which he warned could lead to the collapse of the Party and the downfall of the State.

Since Xi took the helm of the Party, the anti-corruption fight has gained “crushing momentum” and earned popular support.

President Xi as The Core Leader

Pledges to conform to the CPC Central Committee with Xi as the Core are expected to feature significantly, as signaled by Premier Li in his speech.

The NPC is the highest body of National Power, enabling the Chinese People to exercise their power as “The Master of State.” New National Leaders will be elected at the NPC Session in March 2018, after the 19th Communist Party of China (CPC) National Congress elects a new Party leadership later this year.


Continues.....

The Dragon Fly said...

The 12th National People's Congress - Part 2

Commentary on Li Keqiang's Speech:

Besides the usual economic targets and policy pronouncements, Chinese Premier Li Keqiang’s annual speech to parliament also delivered an unambiguous political message: President Xi Jinping is the Boss.

In his address to the NPC, Li’s made 7 references to Xi’s recently acquired status as the Communist Party’s “Core Leader”. This vote of confidence from the Party’s No. 2 - and one-time Xi's rival - demonstrated how much the President has consolidated his power ahead of a mid-term reshuffle planned for later this year.

Li 's official position that Xi is the ‘Core’ of the Leadership in the NPC, in front of 3,000 delegates, reinforces Xi's position as China's Commander-in-Chief.

The 12th NPC represents Xi’s best opportunity to secure a lasting legacy, and he’s been increasingly demanding personal loyalty from a range of influential figures, including generals, company executives and journalists. This year’s promotions could signal whether Xi, 63, intends to line up possible successors and extend his influence beyond 2022, when his second term as Party Secretary is slated to end.

In February 2016, several Provincial Party Chiefs had begun publicly proclaiming Xi’s Core Status, in the first signs of bid to elevate his standing. Then in October, the party designated Xi as its Core Leader - something never bestowed upon his predecessor, Hu Jintao - giving the President added Authority to push his agenda and promote favored officials.

Eleven of the 25 Politburo Members, including 5 out of 7 Members of the Supreme Standing Committee, would be expected to step down this year.

Li told the NPC delegates that Xi’s role as the Core Leader “reflects the fundamental interests of the party and the Chinese People” and was of “crucial and far-reaching significance for ensuring the flourishing and long-term stability of the Party and Country.”

Li, whose role, rank and age made him a rival to Xi, before the party meeting that signaled their political futures, leads the National Council, China’s Cabinet. Since taking power, Xi has been handling matters that were once handled by the Premier, including Chairmanship of various Economic Committees and presenting the National 5-year Development Plan to party leaders.

During the NPC Opening Ceremony, on Sunday, Li credited “all the achievements of the past year to the sound leadership of the Party Central Committee with Comrade Xi at its Core,” and struck an upbeat tone about the economy. He forecast growth of “around 6.5% or higher this year - to provide a stable environment for the reshuffle of the PCC.

While NPC speeches usually include such nods to the party leadership, Li’s remarks were notable for their repetition and direct reference to Xi. For instance, former Premier Zhu Rongji only once cited the Core Status of outgoing President Jiang Zemin - the last leader so anointed - in his final 2003 work report. The term was never used more than three times in previous NPC speeches under Jiang.

Shows of fealty have proliferated, with ministers, provincial leaders and other NPC delegates proclaiming support for the Party’s New Core Leader.

Party Secretary of Tianjin, Li Hongzhong, was quoted to have said in a meeting held last month, "Xi’s public statements showed the thoughts, theories, emotion, charm and the highest level of a politician of General Secretary Xi Jinping as the Core of the Party Central Committee, the Core of the entire party.”

The message is very clear: No opposition to Xi's position as the Supreme Leader is acceptable. He calls the shots, and everybody follows. No one inside or outside the Party would miss this message.

Chua Chin Leng aka redbean said...

Anonymous said...

Rb, what had happen to Sgtalk.org?

March 12, 2017 5:13 pm

Sorry, I have never visited this site or known of its existence. What happened?

The Dragon Fly said...

It is about stocks, It was temporarily shut down. Now back again.

http://sgtalk.org/mybb/

Chua Chin Leng aka redbean said...

Given the present state of the stock market, all the analysts would look like clowns trying to use traditional methodology to understand and predict stock movements. Even the most trusted and reliable method based on fundamentals often would not work. Why?

Computer trading, algo and HFT do not work on fundamentals or follow any old methodology. They are just taking advantage of speed and knowledge of buyer seller activities to take advantage of the differences to make money.

To me this is a crime but the monkeys do not think so.

Anonymous said...

As enumerated by matilah Singapura, HFT and Algo Tradings are legitimate and the way to go for stock markets.
He could be right leh.

Chua Chin Leng aka redbean said...

When the American mafia are pulling the strings, murder can also be legitimate. They have violated all the regulations put in place to ensure fair play with all the unfair play using computers.

Yes it is legal until someone challenge it and renounce the 'illegal' laws of the mafia.

b said...

The pension funds want war so they can scoop up the money without giving out to those people because they are dead. Longevity is a problem for pension funds. Its a vicious thing being created.