China's Leaders Promise To Speed Up Economic Growth

May 29, 2013
Originally published on May 29, 2013 12:31 pm

The Communist Party's new leadership has pledged to change China's slowing economy by putting a greater emphasis on private enterprise and reining in huge but far less profitable state-owned businesses. Economists say the party has no choice but to update if it wants to stay in power, but they doubt that a genuine overhaul is in the works.