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 / View

Caution and commitment in Government Work Report

By Louis Kuijs (China Daily) Updated: 2015-03-06 08:22

There is concrete language in the report on plans to simplify economic regulation, reduce red tape, reduce the administrative burden and regulation with regard to investment, improve access for private sector investment, and encourage the participation of "non-government" investment in key projects.

The government also commits to further concrete progress on pricing reform, "significantly reducing the number of ... goods and services for which prices are set by the government" and to pursuing pricing reform in electricity, water and other resources in the context of energy conservation and environmental protection.

In the area of financial and monetary reform, the language also suggests continued progress, reflecting a mandate to move further. In addition to the traditional commitment to "further liberalize interest rates", the addition that the government will also "improve the central bank's framework for their regulation" is welcome. The report also states that "a deposit insurance system will be established".

The language on the exchange rate has evolved from "expanding the RMB's floating range" last year to "allowing the RMB to float more freely". The commitment to make progress with convertibility of the capital account and RMB internationalization remains.

On the other hand, as noted, the approach remains cautious in reform areas where the political economy is more difficult, such as in the case of intergovernmental fiscal relations, rural land reform, and SOE-related reforms.

Nonetheless, the report also makes a commitment to "solve tough issues in urbanization", including "promptly implementing reforms to the household registration system and relaxing controls over the transfer of household registration". Indeed, there is an increasingly concrete commitment on "ensuring migrant workers can become urban citizens".

The author is a senior economist at the Royal Bank of Scotland.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
改则县| 高州市| 和平县| 渝北区| 长寿区| 分宜县| 观塘区| 曲麻莱县| 亚东县| 天门市| 抚顺县| 富平县| 卢氏县| 寻甸| 珠海市| 杭锦旗| 百色市| 库伦旗| 台山市| 佛教| 珠海市| 库尔勒市| 诏安县| 泾阳县| 榆树市| 阳西县| 离岛区| 桐乡市| 汉源县| 峨山| 黎川县| 宣汉县| 司法| 安吉县| 卢氏县| 沅江市| 澄江县| 和静县| 四子王旗| 威海市| 化州市|