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Monday, February 27, 2012

Final February Blog Post: Chinese Changin'?

            According to http://online.wsj.com/article/SB10001424052970204520204577249080648933136.html?mod=googlenews_wsj Chinese specialist are urging major reforms in state run business. The biggest opponent?-- the Chinese Communist Party. China is an interesting clash between communist regime and a gradual move towards market based economy. In the spirit of this gradual change experts have constructed a plan in order to make minor victories that will get the ball rolling towards tearing apart some of the state run businesses.

            My first reaction to this was surprise. I knew that China had been making minor changes in their economy, but this change would seem to be very out of character. I believe, however, this initial reaction is not misled. The Communist party in charge of the People's Republic of China may be willing to make minor changes, but definitely won't completely change or erode economic philosophies at the heart of their regime's beliefs. So, I don't see a bright future for these recommendations. Although some of the most minor ones will probably be accepted, the fundamental ideas that are being suggested will be brushed away. If enough support is gathered behind the ideas the government will probably restrict freedom of expression and recentralize for a brief period as they have been doing periodically as more and more opposition towards the communist party grows, no matter how minuscule.

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