Xi Jinping preparing the PLA for war: Xinhua commentary|Politics|News|WantChinaTimes.com

This article is WELL WORTH A READ for China watchers. Check it out!

via Xi Jinping preparing the PLA for war: Xinhua commentary|Politics|News|WantChinaTimes.com.

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Flag of the Chinese Communist Party 贛語: 中國共產黨黨...

Flag of the Chinese Communist Party 贛語: 中國共產黨黨旗 한국어: 중국공산당당기 / 中國共產黨黨旗 lzh: 中國共產黨之黨旗 Português: Bandeira do Partido Comunista da China Русский: Флаг Коммунистической партии Китая Tiếng Việt: 黨旗黨共産中國 / Đảng kỳ Đảng Cộng sản Trung Quốc 粵語: 中國共產黨黨旗 (Photo credit: Wikipedia)

 

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Gov’t debt audit to examine risks for sound economy – People’s Daily Online

English: Logo of the People's Daily 中文: 人民日报题字

English: Logo of the People’s Daily 中文: 人民日报题字 (Photo credit: Wikipedia)

This is an interesting story from China’s People’s Daily Online. It’s a RECOMMENDED READ. Check it out!

via Gov’t debt audit to examine risks for sound economy – People’s Daily Online.

For me, the article highlights once again the decisiveness of China’s Central Government. It’s also signals mature judgement in both listening to the IMF and turning to the auditors.

Sadly, many Western Governments, and the European Parliament could learn a lesson or two here.

Perhaps, we need the IMF to take a close look at the finances of the European Parliament? Or just imagine if we had a bold UK Prime Minister who turned to the IMF over the economic viability of the NHS. It’s interesting that Angela Merkel was keen to use the IMF in Southern Europe but perhaps not too close to home!

Any thoughts?

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