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China and Socialism

Posted in Communist Movement, International Affairs with tags , , , , on December 11, 2009 by Umer

Speech by the represeantative of the Communist Party of China on the Eleventh International Meeting of Communist and Workers’ Parties

Mr. Chairman, fellow delegates:

It’s an honor for me and my colleges to be delegated by the International Department of the Central Committee of the Communist Party of China to attend this gathering of the International Meeting of Communist and Workers’ Parties.

First of all, allow me to convey to you the warm greetings and best wishes of our minister Wang Jiarui and his deputies in the department. This IMCWP is an important platform for communist parties across the world to share information, exchange ideas and hold discussion on certain issues. So far, 10 conferences have been held successfully and today, we are gathered here in New Delhi to witness the opening of the eleventh IMCWP conference.

Secondly, I would like to take this opportunity to brief you on new development in China and recent endeavors of the CPC. The financial crisis originated from the United States last year has seriously affected the economy and the livelihood of countries in the world. Due to the bad impact of the crisis, the year 2009 has been the most difficult year for China’s economic development since the beginning of this century. In order to deal with this crisis and maintain the steady and rapid economic growth, the CPC and the Chinese government timely adjusted the macroeconomic policies by adopting a proactive fiscal policy and a moderately relaxed monetary policy, and formulated a package plan to expand domestic—demand and promote growth. A two-year investment plan with a total amount of 4 trillion Yuan is implemented involving greatly increased government spending to boost domestic demand and improve people’s livelihood. Structural tax relief policies were put in place bringing about several interest rate cuts to allow liquidity of the banking system and to stabilize external demand. A wide-ranging industrial restructuring and rejuvenation program was initiated to encourage innovation and enhance energy conservation, emission reduction and environment protection. Great efforts have been made to expand domestic market, especially the rural market, stabilize agricultural development and increase farmers’ income. Effective measures have been taken to reform the social security system to ensure access to basic medical service, free compulsory education as well as affordable housing for urban and rural residents so that they can be free of worries.

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