Staatliche Umerziehungslager erübrigen

Making government re-education camps unnecessary, surplus to requirements, superfluous.

As part of the exciting reform package announced on 15 Nov 2013, China will be eliminating labor camps from its criminal justice system! No time schedule was mentioned though.

Other reforms that were announced, translated from Spiegel.de:

  • Further loosening of the one-child rule.
  • Opening the financial sector to include “smaller and medium-sized banks” in future.
  • More market-driven pricing. “Prices set by the state are to be limited to public institutions and services, be transparent and by checked by the public.”
  • More transparent currency exchange policy.
  • More entrepreneurship that is private, including more private investment and not ruling out foreign private investment.

N.B.: On 19 Nov 2013 Daimler announced it would be the first international auto manufacturer to invest directly in a state-owned Chinese auto manufacturing company, buying 12% of its Chinese co-manufacturing partner, a cars subsidiary of Beijing Automobile Investment Company Limited. The 625-million-euro deal took nearly a year to negotiate. Daimler will get two seats on the supervisory board [Aufsichtsrat] of the Chinese company.

  • Introduction of a standardized and transparent budget and tax system. Reform and simplification of value-added tax (a sales tax). Consumption taxes [Verbrauchssteuer] to be expanded to high-electricity-consumption industries, environmentally unfriendly industries and luxury goods.
  • Land reform, including relaxing limitations on dealing with land in collective ownership (this could be good, could be bad!).
  • Better systems for fighting corruption, on all levels.

Spiegel.de wrote that German industry and economics leaders welcomed these changes, expecting good results from them and from other reforms such as improvements in social welfare services.

Update on 28 Dec 2013: China implemented the announced reforms.

(SHTOT lichh eh   OOM eah TSEE oongs LOG eah   er-r-r ÜÜ brig en.)

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