This year marks the 110th anniversary of the birth of Deng Xiaoping, as well as the beginning of comprehensively deepening reforms which were laid out by the Third Plenary Session of the 18th CPC Central Committee. Being a decisive move in the rejuvenation of modern China, the reform and opening-up initiated by Deng over three decades ago has proved to be the sole and only way to revive the country in the long run.
China has come a very long way since Deng Xiaoping articulated his vision of a reformed and modern China in December 1978. More than 35 years after the historical Third Plenum of the 11th Central Committee of the Communist Party of China in December 1978, "socialist market economy" has become a frequently used phrase in modern economic and development literature.
It is predictable that many analysts have intuitionally connected the falling foreign direct investment into China in July to the country's recent antitrust probes, in which a number of foreign companies have been investigated.
A recent survey shows that the average salary of more than 350,000 college graduates across the country this year is only 2,443 yuan ($397). The survey on post-1990 generation graduates, conducted by Peking University Market and Media Research Center and information portal website Ganji.com, also shows that more than 30 percent of the graduates have to live off their parents and about 40 percent spend all the money they earn.
By directing China's reform and opening-up since 1978 and innovating socialism with Chinese characteristics, the late Chinese leader Deng Xiaoping made a breakthrough in improving the institutional building of modern China, leading the country from the rule of man to the rule of law.
Michio Hamaji voted for Shinzo Abe's Liberal Democratic Party at the general election in December 2012 but there has been a twist since then. Hamaji, a Japanese businessman, 72, supports Abe's economic policies, dubbed Abenomics, but does not hold with Abe's vision of changing the country's Constitution.
MANY TAKE IT AS A SIGN OF PROGRESS; AS IT looks like we, too, have an accountability mechanism.
Two missions need to be completed to make the accountability mechanism truly work. First, when officials are removed from their posts, their previous administrative ranks should be removed as well. Second, the governments need to explain to the public about these officials' performances, the evaluation process and the review results. Only by increasing transparency can the process gain more people's trust.
China's youths are getting increasingly frustrated, and the government has to take effective measures to address the issue in order to maintain social peace.
The deadly earthquake that hit Ludian, Yunnan province, two weeks ago has affected the lives of more than 1 million people, over 250,000 of whom are children. In response to the natural disaster, many people have come forward to help - donating cash and essentials - and even rushed to the quake-hit area to help with relief operations.
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