Latest News:  


China issues economic reform guidelines


13:39, June 03, 2013

China’s top planning agency has today released key economic reforms for the year ahead. High on the agenda - medical insurance, public housing and a crack down on anti-competitive practices.

Under the guideline of reform work in 2013, China’s National Development and Reform Commission has developed a raft of changes.

Among them, stepping up its efforts to promote orderly urbanization, while keeping people’s interests a top priority. The country will unify medical insurance system for both urban and rural residents. The government will merge the low-rent housing and public rental housing projects to meet the requirement of urbanization.

The guidelines also set the agenda for the reform of the administrative system, which is seen as a key factor to vitalize market players. The government will remove policies and regulations that disobey the rules of fair competition, and will promote civil capital to be invested in sectors including financial, energy, railway and telecommunication. The country is set to open some of the railway ownership and management rights. China will further remove red tape to improve the efficiency of examining and approving projects, and to strictly control the number of new projects in industries with overcapacity.

Kong Jingyuan, Director General of Dept. of Comprehensive Reform of The Econ. System, NDRC, said, "We must further relax administrative control and limits to give more power to lower-level government bodies, and open more investment fields, letting civil capital to contribute to infrastructure construction. "

The NDRC also said that the reform requires a proper relationship between the government and the market, as well as the government and society.

We Recommend:

Intelligent & beautiful Asian business women

19-year-old self-made multimillionaire

55th Housing Fair held in E China's Jiangsu

Top 10 instant noodles of all time

Eye-catching models highlight house fair

'Lipstick effect' hits China as economy slows

10 million-yuan bra shines in North China

Top 10 most competitive cities in China in 2013

Hot atmosphere at Int'l Brand Underwear Fair

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Mechanized infantry brigade in drill

  2. Navy's sea training taskforce in drill

  3. International Children's Day around world

  4. Photo story: Mask girl's hard life

  5. Oil tank blast causes casualties in NE China

  6. Cute tiger cubs taken under patronage

  7. Xinghua village by the Great Wall

  8. Facial makeup of Peking Opera

  9. Fortune Global Forum to be held in Chengdu

  10. View of Hefei Xinqiao International Airport

Most Popular


  1. Yuan may continue to appreciate
  2. Benefits of Shuanghui's meat deal
  3. News Analysis: No need to pit China against US
  4. China, US should head towards the same direction
  5. Stronger dollar serves as damper on gold prices
  6. Who needs a diploma? just want to marry rich
  7. Acquisition to sharpen Shuanghui's edge
  8. Manipulative kids seek gifts on Children's Day
  9. Japan, India eager to forge closer ties
  10. Abducted kids' return not always a happy ending

What’s happening in China

Photo story: Mask girl's hard life

  1. Rags to riches for poor as charity shops soar
  2. 90 pct Chinese parents support sex education
  3. Unmarried mothers would be fined by new law
  4. Only fine for intern who cut students
  5. Parents want children schooled sex abuse