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"Thorny issues such as the wealth gap and corruption can all be associated with the waste and irrational use of public finance. I hope the upcoming two sessions can help the government unveil reform details on individual income tax, property tax and estate tax," he said.
Another eye-catching agenda at the upcoming NPC session relates to the institutional restructuring of the State Council as a draft approved at the second plenary session of the 18th CPC Central Committee will be deliberated by legislators.
According to the draft, the restructuring is to transform government functions, streamline administration and delegate power, improve efficiency and carry out super-ministry system reforms.
Looking to the future challenges, Chi Fulin said no reforms are risk-free. To minimize risks and maximize gains from economic restructuring and urbanization, the government must transform its functions and make new breakthroughs in reforms, he said.
"The key is to redefine the relationship between government and the market, and the relationship between government and the society," said Chi.
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