Andhra Pradesh - Tirupati   

Chinese economy lauded at CPI meet

Tirupati: The crash of the American dollar and the buoyancy in the Chinese economy have come under a sharp focus at a workshop organised here today by the CPI ahead of its State convention slated to commence here from December 19.

Speaking at the workshop organised at the Ambedkar Bhavan here on the theme, ‘Relevance of Communism in the changing global economy’, the State secretariat member of CPI T. Lakshminarayana has said the very fact that Chief Minister Y.S. Rajasekhara Reddy and TDP leader N. Chandrababu Naidu have sent their MLAs to China to study the rapid strides it has made in the recent time bore ample testimony to the relevance of communism and the communist-model of administration. Besides achieving a remarkable success in the export of its produce world over, the Chinese government was also providing exemplary services to its 110 crore population. He said in contrast, though the size of the Indian budget has increased from Rs.25,000 crore to Rs.85,000 crore, bulk of it was going towards schemes which only benefited the capitalists. T. Thulasendra, senior party leader presided while district party secretary, P. Harinadha Reddy welcomed.

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