Understanding socialism with Chinese characteristics
Friday, November 04, 2022 | 10 Views |
The CPC National Congress re-elected President Xi Jinping to lead the world’s most populous nation and the second biggest economy.
The 20th Congress was themed holding high the great banner of socialism with Chinese characteristics, fully implementing the Thought on Socialism with Chinese Characteristics for a New Era, carrying forward the great founding spirit of the party, staying confident and building strength, upholding fundamental principles and breaking new ground, forging ahead with enterprise and fortitude and striving in unity to build a modern socialist country in all respects and advance the great rejuvenation of the Chinese nation on all fronts.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...