10 points highlighted in communique released after key CPC meeting

The 18th Central Committee of the Communist Party of China (CPC) on Tuesday approved a decision on "major issues concerning comprehensively deepening reforms" at the close of their four-day meeting. "Xinhua Insight" listed the following ten points of the communique :

1. General objective

The general objective of the reforms is to improve and develop socialism with Chinese characteristics and push on with modernization of the country's governing system and capabilities.

2. Set up central leading team for "comprehensively deepening reform"

The CPC will set up a central leading team for "comprehensively deepening reform." It will be in charge of designing reform, arranging and coordinating reform, pushing forward reform and supervising the implementation of plans.

3. Establish state security committee

China will establish a state security committee, improving systems and strategies to ensure national security, according to the communique which called for the innovation of systems to effectively prevent and end social disputes and improve public security.

4. Market to play "decisive" role in allocating resources

China will deepen its economic reform to ensure that the market will play a "decisive" role in allocating resources. Build an open and unified market with orderly competition. Economic reform is key, and the core solution is a proper relationship between government and market, leaving the market to play the decisive role in allocation of resources and the government to play a better service.

5. Establish modern financial system

Set up a modern fiscal system that supports the initiative of both central and local authorities. China needs to improve its budget management and taxation systems in a bid to make responsibilities of government agencies match properly with what they spend. It is essential that China improves related legislation, ascertains government bodies' responsibilities, reforms the taxation system and ensures budgeting is transparent. A proper fiscal system provides institutional guarantee for optimized allocation of resources, social equality and long-term stability.

6. Overhaul judicial system

China will deepen judicial system reform and step up building a socialist judicial system that features justice, high efficiency and authority to uphold the rights and interests of the people. China will stick to the dominant role of public ownership, playing the leading role of the state-owned economy, while encouraging, supporting and guiding the non-public sector, enhancing its vitality and creativity.

7. New urban-rural relations to take shape

Allow people living outside cities equal participation in modernization and better property rights. Improvements must be made to promote agriculture, and urban development must lead to rural. The new set-up will allow farmers to "equally participate in the modernization drive and share its fruits". New agribusiness systems will be formed and more property rights should be given to farmers. Equal exchanges of urban-rural elements and balanced allocation of public resources should be promoted. A healthy development mechanism for urbanization will be improved. "The urban-rural dual structure is a major barrier preventing the integration of development," reads the communique.

8. Innovation of systems to effectively prevent and end social disputes

China will establish a state security committee, improving systems and strategies to ensure national security. China will improve social governance and safeguard the interests of the people. The communique urged better social development, safeguarding state security and ensuring people's livelihood and social stability. It called for the innovation of systems to effectively prevent and end social disputes and improve public security.

9. Drawing a "red line" for ecological protection

Drawing a "red line" for ecological protection, implementing a system of paid use of resources and ecological compensation, and reforming the system for the protection and administration of ecological environment. Establish a sound system to protect the country's ecological environment. "In constructing eco-civilization, it is imperative to build a sound system and to protect the ecological environment through the system". The system concerning property rights of natural resources as assets and the administration of their use should be improved".

10. Building modern armed forces with Chinese characteristics

Modern armed forces with Chinese characteristics will be built, the communique said.