Consultants first to benefit from China Communist pledges

Consultants first to benefit from China Communist pledges

BEIJING - China's Communist rulers pledged greater prosperity for all at a key meeting last week, but the first to profit from the promise are consultants offering US$1,500 (S$1,875) courses on understanding party jargon, a report said Friday.

The closed-door gathering in Beijing, known as the Third Plenum, issued a raft of reform promises that are expected to set the tone for the country's development in the next decade.

But details are still sketchy on what measures will be implemented and how, leading to widely-varying speculation.

Universities, think tanks and other organisations are promoting courses to "interpret the spirit" of the plenum, with some charging as much as 9,000 yuan ($1,500) for a one-day session, the Shanghai Morning Post reported Friday.

The trainers are mainly former high-ranking officials and senior government researchers from powerful decision-making bodies such as the National Development and Research Commission, China's top economic planning agency, the newspaper said.

The advertisements generally target government officials and state-owned company managers, but some recruiters said the sessions are open to anyone who pays, it added.

It quoted a recruiter for a class offered by China Finance 40 Forum, which charges 8,800 yuan, saying around 60 people had signed up.

Analysts said such training courses were in demand as they catered to some officials' and company executives' desire to "strike a relationship with high-end people", the report added.

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