BEIJING, Nov 8 (Reuters) – China’s outgoing President Hu Jintao promised political reform on Thursday, saying the nation faced risk and opportunity in equal measure as he formally opened a congress of the ruling Communist Party that will usher in a once-in-a-decade leadership change.-RTRS

Says to promote Yuan convertibility, will make interest rates and currency more market- based.

Says to invest more state capital in industries that vital to economy and national security.-rtrs

  • Says any corrupt officials must be punished ‘without mercy’.
  • China must promote people on merits, not on their ‘origins’.
  • More Party Congress delegates must be workers, farmers.
  • Communist Party must ‘unswervingly’ fight corruption.
  • China to support greater voice for developing nations.
  • Won’t allow any force to to separate Taiwan from China.
  • China to oppose Taiwan independence.
  • Says must be ‘peaceful growth of cross-straights relations’.
  • Must be peaceful ties on both sides of Taiwan Straits.
  • Says China must increase unity between military, government.
  • Must adhere to the Communist party control of military.
  • Must enhance its military preparedness.
  • China must ‘treasure nature more consciously.’
  • Should strictly control land use.
  • China to ensure maritime rights.
  • China must widen channels for social security funds.
  • China to contribute to global environmental protection.

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