Chinese leaders rally the country behind economic reforms Chinese leaders rally the country behind economic reforms
Frik Els | December 13, 2013
China's ruling Communist Party has issued a warning on the state of the economy in an effort to rally citizens in support of a series of reforms recently announced by the country's new leaders.
After an annual planning meeting on Friday a statement on the world's second largest economy called for "clear recognition" that there is "downward pressure" on the business and industry and that "thoughts should be bold and the steps should be firm in carrying out reforms."...
In November the so-called Third Plenum of the top leaders announced steps to liberalize the financial sector, reform state-owned enterprises to move the country from an investment to consumer-led economy as growth slows for the torrid pace of recent years...
China has become a major importer of potash, eclipsing India...