Business Maverick: Xi calls for China’s modernisation path to surpass capitalism

Innovation must be placed in a prominent position in overall national development, which should achieve higher efficiency than capitalism while maintaining fairness in the society more effectively, state-run Xinhua news agencyXi as saying on Tuesday. China should better balance and unify efficiency and fairness, Xi said in the speech to senior officials including all the other members of the Standing Committee of the Politburo, Central Committee members, provincial leaders and ministers.

The core of achieving this goal lies with sticking to the leadership of the Communist Party, Xi said, adding that this will decide the “ultimate success or failure” of China’s efforts to develop. In the short-term, China must strive to achieve an overall improvement in economic activity this year, Xi said, adding further efforts should be made to guide business entities to strengthen confidence and stabilise social expectations.

PhumlaniMMajozi

Now that's leadership - the realization that the welfare of society can't be wholly left in the hands of the market. That also business doesn't exist for itself.

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