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Studio interview: Government pledges stable jobs market

03-05-2014 20:53 BJT Special Report: 2014 NPC & CPPCC Sessions |

For more on China’s economic policies, we are joined in the studio by Rita Fan Hsu Lai Tai, a member of the NPC Standing Committee, and CPPCC member Vincent Lo.

Q1.Some analysts say that China’s economy may run into trouble this year because of weaker external demand, industrial overcapacity and defaults on bank loans. What is your forecast for the Chinese economy in 2014? Will China’s economic growth lose momentum?

Q2.Last year, China’s leaders pledged to let markets play a "decisive" role in the economy. The Government has pledged not to make any improper intervention. Do you believe the market should be left alone to allocate resources while the government stays back as the service provider and regulator? How you see the proper relationship between a government and the market?

Q3.Some analysts say that there are three major obstacles to the market playing a decisive role: ideology, vested interest groups, and the outdated financial system. Is the analysis correct? How can the obstacles be overcome?

Q4.Recently, central government ordered its departments to disclose their "power lists"---registers of their administrative approvals. What changes will that bring in the coming years? What impact will it have on the Chinese economy?

Q5.What are the government’s priorities for 2014? Which reform is the fundamental one and what are the risks?

Q6.In 2013, almost 7 million college graduates poured onto China’s job market and many faced difficulties finding work. If China’s economic growth continues to slow, will the government be able to maintain a stable jobs market create enough employment for college graduates?

Editor:James |Source:

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