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

Opinion / Op-Ed Contributors

Impressive statement of intent

By Wang Qinwei (China Daily) Updated: 2013-11-20 06:42

The underwhelming communique released soon after the Third Plenum raised big questions about whether China's leadership had been able to get backing for a meaningful package of reforms. On the basis of the more detailed blueprint published several days later, the answer seems a clear yes. Questions will remain over implementation, but this is probably the most impressive statement of reform intentions seen this century.

Unlike the Plenum communique, the Decisions of the Central Committee on Major Issues Concerning Comprehensively Deepening Reforms released three days later, is clear, wide-ranging, and does not shy away from areas of contention.

Impressive statement of intent 

Yu Zhengsheng (3rd L, front), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of Chinese People's Political Consultative Conference (CPPCC), and Liu Yunshan (3rd R, front), also member of the Standing Committee of the Political Bureau of the CPC Central Committee and secretary of the Secretariat of the CPC Central Committee, attend the third session of the Standing Committee of the 12th National Committee of CPPCC, in Beijing, capital of China, Nov. 18, 2013. [Photo/Xinhua] 

The main document is over 21,000 characters long, ranging across the whole spectrum of economic issues. The central emphasis in the Plenum communique was on granting markets a "decisive" role in the allocation of resources, which could in principle mean a great deal, or very little. The full Decisions document suggests that this could shape up to be a significant shift.

To create a more competitive environment, prices will be more market-determined. A "negative list" approach will be adopted to open up more of the economy to private and foreign firms. There is also a pledge that policymakers will step back from micro-level intervention. Within the financial sector, interest rate and capital account liberalization will continue, while private banks will be allowed for the first time. These steps should significantly improve the ability of private firms to compete with State-owned enterprises.

Fiscal reform is another key area. There is talk of increasing the transparency of the budget, shifting some responsibility for spending from local to central government; monitoring central and local government debt situations more closely, and tax reform. These moves should help rein in risks that have certainly been growing.

Previous Page 1 2 Next Page

New type of urbanization is in the details
...
兴化市| 民权县| 保康县| 贵定县| 白玉县| 长沙市| 余姚市| 循化| 东乌| 祥云县| 揭西县| 嘉荫县| 成安县| 德格县| 垦利县| 沁源县| 思南县| 霍山县| 彰化县| 稻城县| 二连浩特市| 东山县| 东乡族自治县| 南郑县| 安陆市| 灵石县| 茶陵县| 赤峰市| 涪陵区| 星座| 濮阳县| 伊宁市| 滕州市| 松潘县| 龙江县| 九龙坡区| 鄂伦春自治旗| 大竹县| 二手房| 肇东市| 松滋市|