In the recently concluded first session of the 13th National People's Congress, major reform measures have been unveiled to ensure that rules and practices are updated to suit the current environment. For instance, China’s Constitution has been amended to allow capable leaders serving a longer period. A draft reform of China’s government agencies has been submitted to modernise and improve the effectiveness of the government. In a move to boost financial oversight, China will merge its banking and insurance regulators. These are amongst the biggest government shake-ups in years.
On the other hand, Malaysia has not undertaken any reforms over the last 3 odd decades. As a result, Malaysia is stuck deep in the middle income trap and sinking. Without major reforms, Malaysia will continue her secular decline no matter who wins in the coming 14th general election.