国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Opinion

'Visible and invisible hands'

(China Daily) Updated: 2014-05-30 14:00

President Xi Jinping's recent emphasis on the necessity of the government and the market correctly playing their respective roles to promote the sustainable and healthy development of the economy should serve as a timely reminder that any over-use of either the visible hand or the invisible hand will produce the opposite effect.

The Third Plenum of the 18th Communist Party of China Central Committee held in November vowed to give the market a decisive role in the distribution of resources, the highest status the market has been extended since the launch of reform and opening-up in 1978, but this does not mean the negation of the government's role in economic development.

'Visible and invisible hands'
'Visible and invisible hands'
China's government-led economic model has helped the country score an economic success, but it has also caused serious imbalances in its economic structure and resulted in a series of contradictions, whose resolutions depend on more market vitality and the upgrading and transformation of the country's economic structure, said an article in 21st Century Business Herald.

To give the market a decisive role, the government should reduce its direct interventions into the distribution of resources and microeconomic activities and set up an open, competitive and orderly market system. One in which market forces can play a greater role in those economic activities that should be free of the government's visible hand.

The government should refrain from directly intervening in the market, transform its function, tighten market supervision, strengthen public services and promote social equity and justice. To facilitate such a transformation of its role, the government should deepen the reform of its administrative system, innovate its management methods and improve its regulatory system.

Regrettably, local governments have not done enough to push forward corresponding reforms. At a time when the country's economic growth is slowing, there are voices calling for the government to use its visible hand to stimulate economic development, something that would obviously be a regression for the market mechanism.

With the economic slowdown being used by some local governments as an excuse to delay some reforms and transform their functions, President Xi's stress on the invisible and visible hands playing their proper roles should be heeded to ensure sustainable development in the future.

Hot Topics

Editor's Picks
...
...
和平区| 孟连| 朝阳市| 宜黄县| 清新县| 柳州市| 壤塘县| 甘孜县| 邵阳市| 上杭县| 赤峰市| 金秀| 师宗县| 封开县| 顺昌县| 阿拉善右旗| 蓝山县| 吉林市| 托克逊县| 牟定县| 鹤峰县| 阿拉善左旗| 开鲁县| 贵德县| 监利县| 右玉县| 泸定县| 常熟市| 江达县| 平和县| 鄯善县| 星子县| 盐池县| 兰溪市| 楚雄市| 巴彦淖尔市| 会东县| 西丰县| 隆安县| 湟源县| 高淳县|