Thursday 18 January 2018

The big decisions in push for changeON THE ECONOMY

* "The core issue is to straighten out the relationship between government and the market, allowing the market to play a

decisive role in allocating resources and improving the government's role.

* "(We) are aiming . . . to form a well-established, scientific and efficient system and to make the regulatory framework in all areas more mature and standardised.

* "Lower the entry barrier on investment and speed up free- trade zone development, while expanding the opening up of inland border areas."


* "Improve legislation and clarify administrative power over the fiscal system, while reforming the tax system, stabilising tax burdens, making the (government) budget transparent, increasing efficiency and establishing a modern fiscal system to let both the central and local governments play active roles."


* "Establish a more fair and sustainable social security system and deepen medical and health system reforms.

* "Step up efforts to improve social welfare and deepen institutional reforms to realise social justice and equality. We should also make reforms in the income-distribution system to achieve common prosperity.

* "Must improve social management style, promote the vitality of social organisations, innovate an effective social conflict prevention and resolution system, perfect the public security system (and) establish a state security committee and improve systems and strategies to ensure national security."


* "China will establish a robust system for managing natural resource property rights, draw a red line demarcating environmental protection and implement a payment system for resources and an environmental compensation system."

Irish Independent

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