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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fixing SA: Ramaphosa calls on business to get off the rooftops and 'into the ring' | BusinessPresident Cyril Ramaphosa has implored the private sector to 'get off of the rooftops' and 'into the ring' with government as it works to address crippling issues related to energy, logistics and crime. | News24_Business _Business 😂😂😂😂😂😂😂😂😂💩🧨 _Business Government fat cats are stuck in the chimney MbalulaFikile Sona2023 _Business Maybe they would help if the government was not driven by corruption and lining their own pockets
Source: News24 - 🏆 4. / 80 Read more »

Business Maverick: Dollar rebound set to extend amid Fed speakers, China tensionsThree consecutive days of gains are giving hope to embattled dollar bulls who are looking to a slew of Federal Reserve speakers and rising US-China tensions to extend a nascent rebound.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: China eases housing curbs in Wuhan, paving way for other cities to followA major city in China has eased a key restriction on housing purchases, paving the way for more cities to follow suit and prop up demand as the property slump in the world’s second-biggest economy drags on.
Source: dailymaverick - 🏆 3. / 84 Read more »

China flew spy balloons over the US while Trump was president, but nobody realised, reports say | Business InsiderOther suspected Chinese surveillance balloons had crossed into the US at least three times during the Trump administration, officials said.
Source: BISouthAfrica - 🏆 34. / 51 Read more »