Submitted by Fox First at Ten on October 22nd
By The Associated Press
QUAGMIRE: China's economic model that delivered three decades of double-digit growth is running out of steam and the country's next leaders face tough choices to keep incomes rising. But they don't seem to have ambitious solutions.
POLITICAL BACKLASH: The ruling party's latest five-year development plan promises reforms in broad terms. But many changes could face opposition from China's most influential factions - state companies, their allies in the Communist Party, bureaucrats and local leaders.
REFORMS: China must promote service industries and consumer spending, shifting away from reliance on exports and investment. That will require forcing cosseted state companies to compete.
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