The
18th Central Committee of the Communist Party of China (CPC) on
Tuesday approved a decision on 'major issues concerning comprehensively
deepening reforms' at the close of their four-day meeting in Beijing.
However many Chinese citizens feel that the so called economic reforms
will encounter oppositions and obstacles at the lower level governments,
especially in real estate development sectors that is the major revenue
source for local governments. The call for small government and
restrictions over government power as well as more press freedom was not
a major concern for the party's conference. Instead of loosening
political control, a newly created "National Security Committee"
signals the new leadership under President Xi is ready to step on
crackdowns on internet media and political dissents at home. A Chinese Foreign Ministry spokesman commented when asked
about the new Communist Party National Security Committee during a press
conference Wednesday. “China’s decision to establish a National Security Committee is for
the purpose of improving its national security system and strategy in
order to ensure national security,” Mr. Qin Gang said.
Many Chinese citizens believe the current party leaders do not have any desires to implement substantial juridical and political reform like what the Vietnamese Communist Party did in Vietnam (limiting party power in its court system). The new security committee is designed to strengthen the party's control over both domestic and foreign policy decision making. The instability in the political reforms of China personally affects every individual in China. Many high net worth individuals and families are to cast their no-confidence votes with their feet - emigrating overseas by acquiring real estate properties in Europe or investing in the US EB-5 program. These international visa programs provide the Chinese a security blanket in case the government would make any dramatic political decisions in the future. Also, the lack of major political reform will influence more Chinese to look abroad for citizenship with additional freedom. It is expected to see more Chinese investors to be investing in EB-5 program in next two years. Once approved as a permanent resident, the EB-5 visa provides the investors a worry free life from any future policies of the Communist Party of China.
Many Chinese citizens believe the current party leaders do not have any desires to implement substantial juridical and political reform like what the Vietnamese Communist Party did in Vietnam (limiting party power in its court system). The new security committee is designed to strengthen the party's control over both domestic and foreign policy decision making. The instability in the political reforms of China personally affects every individual in China. Many high net worth individuals and families are to cast their no-confidence votes with their feet - emigrating overseas by acquiring real estate properties in Europe or investing in the US EB-5 program. These international visa programs provide the Chinese a security blanket in case the government would make any dramatic political decisions in the future. Also, the lack of major political reform will influence more Chinese to look abroad for citizenship with additional freedom. It is expected to see more Chinese investors to be investing in EB-5 program in next two years. Once approved as a permanent resident, the EB-5 visa provides the investors a worry free life from any future policies of the Communist Party of China.
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