Chiu made the comment at a conference in Taipei on China’s Third Plenum. The Chinese official meeting, typically held once every five years, is today scheduled to conclude, with Chinese officials expected to publish records of the proceedings in the following days. Mainland Affairs Council Minister Chiu Chui-cheng speaks at a forum on the Chinese Communist Party’s Third Plenum in Taipei yesterday. Citing China’s official directive to deepen reforms and modernization, he said China’s important economic indicators are not likely to improve in the short term. China’s problems would likely prove intractable for at least two decades, as they were symptoms of political interference in the economy, Ming said, adding that Beijing is at risk of creating a caged economy.

Source: Taipei Times July 19, 2024 03:35 UTC