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China's reform roadmap gets clearer (5)

(Xinhua)

09:25, March 03, 2013

Given land expropriation has been a source for rural protests, the move is expected to defuse social instability through better protection of farmers' property rights.

Responding to public grumbles over the urban-rural gap, the CPC has decided in its first policy document for 2013 to accelerate household registration reform, helping rural residents urbanize by loosening control on household registration in small townships and medium-sized cities.

The National Development and Reform Commission, the economic planner, also prioritized resource taxes for the year's price reform, and aimed to optimize the pricing mechanism for refined oil products and natural gas.

Foreseeing tough combat to come in the year's resource tax reform, Jia Kang said reforming resource taxes will impact the allocation of basic economic resources and have a direct bearing on the development of China's market economy.

"The resource tax reform will be a substantial move to implement the Party's Outlook on Scientific Development and to optimize the country's financial and tax system," in Jia's view.

This year, the Ministry of Finance has planned to broaden experiments on property taxes, deepen national debt management and use more taxation leverage to support the private economy.

It will also report its first social security fund budget to the first session of the 12th NPC.

Ye Qing from Hubei said that a deepened fiscal system reform is the premise for China to advance reforms in other spheres.


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