President Hu Jintao yesterday unveiled an ambitious plan for China to double per capita income by 2020. China per capita income amounted to US $ 4,260 in 2010, close to Jordan and Thailand, and less than a tenth of the US is $ 47,140. The Chinese leader spoke at the Communist Party Congress, which will run until November 14, and will the fifth and the new generation of Chinese leaders to choose.
The target of higher per capita income is consistent with China's goal to catch up with the high standard of living of the West, and to social tensions because higher incomes for the population. But the more ambitious goal is for China to rise and challenge-financial, economic and political-Western domination of this planet in the last hundred years.
XI Jinping, designated as the next General Secretary of the party, will lead the next generation of leaders. Mao Zedong led a people revolution and China transformed into a Communist country. Deng Xiaophing charted a dual track policy of economic reform while maintaining the Communist regime. "It doesn't matter whether a cat is white or black as far as catch a mouse can," was one of his famous statements.
Jiang Zemin set the ideal that leaders not only the Communist Party, the ordinary people and workers, but the Chinese people as a whole, of all classes must represent.
Hu Jintao embraced scientific progress as a means for the modernization of China. The baton has now been handed over to Xi.
The new President will face the difficult task of leading China in the next 10 years. And he will meet his match in the U.s. President Barack Obama, who has just won re-election for a second term. Obama hidden no longer his cards when-on foreign policy during his debate with Mitt Romney-he said that China was the main reason that the US military focus would shift to the Asia-Pacific region. He said he wants to show of China that the us remains a Pacific power.
XI is probably several crucial tasks can play at the same time once he settles in high posts.
Firstly, he is probably directly from the economic policies of China to more inclusive growth. The great Chinese export machine is losing steam. Europe has not more purchasing power. Trade relations with the us are getting worse. China must keep his gigantic economy grow by domestic demand.
Secondly, China will try to compensate for the export markets in the developed economies through trade in the great Asian continent, which still enjoys an economic dynamism to expand it.
Thirdly, China will look for the right opportunity before the yuan an international reserve currency. Yuan will be part of a new regional financial architecture.
Fourthly, China will look forward to further beefing up the Shanghai Cooperation Organisation, the little-known economic grouping whose members include China, Russia and the former States of the Soviet Union. India, Pakistan, Iran will quickly and other countries join the group.
Fifthly, Asean will be crucial for China's tie-up. ASEAN is currently a dollar block. China wants to put the region in a block yuan, and promotion of the regional group to its traditional alliance with the West.
Sixthly, China will strengthen its military forces at full power, and will be prepared for any attempt at encirclement by the United States.
There will be no honeymoon for Xi, nor is there time for him to relax. The world powers are intended to take against each other against a new geopolitical background.
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