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May 2012

Risk of ‘cultural revolution’ if no reforms: Wen

By Tarunkumar Singhal, Raman Jokhakar, Chartered Accountants
Reading Time 1 mins
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Chinese premier Wen Jiabao warned his Communist colleagues recently that the dark days of the Cultural Revolution (1966-76) would return if political restructuring wasn’t carried out in real earnest.

Wen said much of the economic advancement achieved by China would come undone if political restructuring did not take place. His warning is bound to cause a stir in the Chinese industry, because the Cultural Revolution had tried to purge the country of all capitalist elements.

It was apparent that Wen was using his last press conference before completing the 10-year term till early 2013 to convey some important message to hardcore sections within the party opposed to political reforms.

 “As the economy continues to develop, new problems like income disparities, lack of credibility and corruption have occurred. We must press ahead with economic and political structural reforms, particularly reform in the leadership system of our party and country,” he said. These won’t succeed without the ‘consciousness, support, enthusiasm and creativity’ of the Chinese people, Wen said. (Source: The Times of India, dated 15-3-2012)

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