Yearender-China Focus: China's reform momentum to remain unabated

    Source: Xinhua| 2018-12-31 17:37:53|Editor: Lu Hui
    Video PlayerClose

    BEIJING, Dec. 31 (Xinhua) -- China is set to usher in broader and more intensive reform in 2019 as reform, a policy the country adopted 40 years ago, has become a hallmark of the country.

    Starting January 1, a new personal income tax cut will take effect as part of China's tax reform which also involves value-added tax reductions.

    These tax cut measures are expected to boost consumers' spending power, optimize income distribution, grow the domestic market, encourage companies to engage in technical upgrading and innovation, and enhance the strength of the Chinese economy to pursue sustained development.

    At its bimonthly session last week, China's top legislature, the National People's Congress (NPC) Standing Committee, reviewed a draft foreign investment law and adopted the revised civil servant law as part of the country's efforts to promote its civil service reform.

    Li Zhanshu, chairman of the NPC Standing Committee, said about one-third of the subjects covered in this session were closely connected to China's reform, stressing the standing committee's duty in implementing reform and ensuring that all major reform measures are taken in accordance with the law.

    As well as the legislature, Chinese people have been passionately advocating reform. A grand exhibition to commemorate the 40th anniversary of China's reform and opening-up, for instance, received over 2.2 million visits within 44 days.

    With historical photos, texts, videos, miniature models on display, and interactive activities, the exhibition at the National Museum of China in Beijing has seen the number of daily visits exceeding 60,000 on several days.

    A digital version of the exhibition launched about a month ago had been visited nearly 265 million times online as of Dec. 28.

    The public enthusiasm about reform and policymakers' resolve to advance reform have mainly come from the country's collective experience of turning China from a poverty-stricken country to the one with growing competitiveness and influence across the world within 40 years.

    It is fair to say that China's reform momentum has been particularly strong over the past five years after the Communist Party of China (CPC) decided to advance reform in all aspects at the third plenary session of the 18th CPC Central Committee in 2013.

    Since the third plenary session, Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, has presided over at least 45 high-profile meetings on advancing reforms, during which 400 documents and 1,932 reform plans have been launched, according to official statistics.

    As a result, China's reform has been expanded from the economic field to a broad sphere including administrative management, culture, society, ecological conservation, Party building, and the military. And such reform momentum has been unabated.

    Despite rising protectionist sentiments overseas, China consistently expands its market to foreign investors through reform measures.

    After a pilot run of negative list in Shanghai and later other provinces since 2016, the Chinese government recently announced a negative list for market access nationwide, opening more industries, fields, and businesses to all investors.

    The move is to implement the instruction of having the market play a decisive role in resource allocation as instructed by the third plenary session.

    A significant institutional breakthrough, as the government noted, is that all market players including state-owned firms, private companies, mixed-ownership enterprises, and foreign firms will be treated equally despite their size or other differences.

    According to the Central Economic Work Conference held in December, an annual tone-setting meeting to make arrangements for next year's economic work, the country's reform will be advanced from a long-term perspective to better respond to the concerns of the people and for the good of China and the world at large.

    In the financial market, reform measures will be taken to improve the country's monetary policy transmission mechanisms, increase the proportion of direct financing and make financing more accessible and affordable for the private sector and small businesses.

    Fair competition will be highlighted in next year's reforms concerning state-owned enterprises, taxation and financing, land, market access, social management, and small and medium enterprises.

    Instead of using administrative orders, China will resort to more market-oriented and law-based means to advance the supply-side structural reform, especially when it comes to the downsizing of gutted industries and increasing the vigor of micro market entities.

    China is also expected to make more institutional reforms to promote technological innovation and foster new industrial clusters, build a unified and open market system with orderly competition, and prompt the financial sector to better serve the real economy.

    KEY WORDS: China
    EXPLORE XINHUANET
    010020070750000000000000011102351377106981
    主站蜘蛛池模板: 日韩色图在线观看| 中文天堂在线最新版在线www| 篠田优在线播放| 日本特黄特色免费大片| 人久热欧美在线观看量量| 麻豆人妻少妇精品无码专区| 无人区1080在线完整免费版| 亚洲日本一区二区三区在线不卡| 羞羞视频在线免费观看| 国产福利高颜值在线观看| a级国产乱理伦片在线观看| 无码专区国产精品视频| 亚洲一级免费毛片| 王小明恶魔手机催眠1-6| 国产乱了真实在线观看| xxxxwww免费| 大学生毛片a左线播放| 中国体育生gary飞机| 日韩国产成人精品视频人| 亚洲欧洲久久久精品| 福利网站在线播放| 国产一区二区精品久久岳| a级成人毛片久久| 欧美一级特黄啪啪片免费看| 免费无码成人AV在线播放不卡| 高级秘密俱乐部的娇妻| 国产精品自在拍一区二区不卡| а√天堂8资源中文在线| 日本a级视频在线播放| 亚洲av本道一区二区三区四区 | 精品综合久久久久久97| 国产在线98福利播放视频免费 | 国产六月婷婷爱在线观看| 曰批视频免费40分钟试看天天| 奇米777视频国产| 中文字幕无码av激情不卡| 日韩欧美色视频在线观看| 亚洲国产精品无码久久一区二区| 狠色狠色狠狠色综合久久| 午夜宅男在线永久免费观看网 | 成人区人妻精品一区二区不卡视频|