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ECONOMIC TASKS ALL MAKE SENSE: THOSE THAT FALL INTO THE SECTION OF THE REPORT ''SPEEDING UP THE ESTABLISHMENT OF A SOCIALIST MARKET ECONOMY ''ARE VERY MUCH IN LINE WITHIN REFORM PRIORITIES THAT EG THE WORLD BANK HAVE PREVIOUSLY IDENTIFIED AS CRUCIAL TO SUSTAINED REFORM, IN PARTICULAR ENTERPRISE REFORM AND FINANCIAL SECTOR REFORM. THE REPORT TOO CONFIRMS THE CONTINUING TREND AWAY FROM STALINIST CENTRAL CONTROL OF THE ECONOMY TO A LESS INTERNATIONALIST APPROACH, THROUGH WITH THE GOVERNMENT MAINTAINING OVERALL RESPONSIBILITY FOR MACRO-ECONOMIC CONTROL.
17. ONE AREA WHERE LI WAS PERHAPS LESS OUTSPOKEN THAN MIGHT HAVE BEEN EXPECTED WAS ON 'OVERHEATING'' THE THREATS OF UNCONTROLLED EXPANSION ARE OF COURSE IMPLICIT IN LI'S COMMENTS, FOR EXAMPLE ON MAINTAINING BALANCE BETWEEN TOTAL SUPPLY AND DEMAND AND BETWEEN GROWTH RATE AND ECONOMIC RETURNS, OR EQUALLY IN HIS CALLS TO CONTROL THE NUMBER OF NEW CONSTRUCTION PROJECTS. BUT THERE IS NO EXPLICIT MENTION OF OVERHEATING OR SPECIFIC SUGGESTIONS OF POLICY INITIATIVES TO SLOW DOWN THE PACE OF ECONOMIC DEVELOPMENT. IT MAY BE THAT THIS ISSUE WILL BE DEALT WITH IN MORE DETAIL IN THE 1993 SOCIAL AND ECONOMIC DEVELOPMENT PLAN ON 16 MARCH. BUT IT IS NONETHELESS NOTABLE THAT LI, FORMERLY NOTED AS AN ECONOMIC CONSERVATIVE WHO HAD FREQUENTLY WARNED OF OVERHEATING, IS CLEARLY TAKING THE BROADER CONSENSUS LINE ON ECONOMIC ISSUES IN THIS WORK REPORT. THIS MAY BE THE RESULT OF EARLIER HORSE-TRADING BEHIND THE SCENES, AND A NECESSARY SHIFT IN ORDER TO RETAIN HIS PREMIERSHIP.
MCLAREN
YYYY
ΜΑΙΝ
147
.CHINA POLITICAL
FED
UND
LEGAL ADVISERS
PUSD
INFO D
CONSULAR D
CRD
EASD/ODA//MR MOSSELMANS
DISTRIBUTION
158
SAD SEAD
PS
PS/BARONESS CHALKER
PS/MR GOODLAD
PS/PUS
MR LANKESTER
MR APPLEYARD
CHIEF CLERK
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