Full text: Report on China's economic, social development plan (8)

Source:Xinhua Published: 2014-3-15 14:21:08

2) SOE reform. We will correctly define the functions of different SOEs and reform natural monopoly industries. We will encourage non-public businesses to take part in SOE reform and vigorously develop mixed-ownership structures. We will improve the system for managing state-owned assets.

3) Reform of the fiscal and tax systems. We will take further steps to release the budgets and final accounts of governments and departments, increase the proportion of general transfer payments, and reduce special transfer payments. We will improve budgets for state capital operations and raise the proportion of profits from state capital operations central government enterprises should turn over to public finance. We will adjust the scope of, links to and rates of excise tax collection and reform the resource tax on coal. We will study how to properly share power between the central and local governments in a step-by-step manner.

4) Reform of the financial system. We will put in place a deposit insurance system, take steady steps to advance the reform of policy-based financial institutions and encourage the establishment of small and medium-sized private banks and other financial institutions, and improve the risk disposal mechanism for financial institutions. We will promote reform of the stock issuance system. We will further deregulate interest rates. We will promote the healthy development of Internet banking. We will try harder to form a market-based exchange rate mechanism, expand cross-border use of the RMB, and promote the RMB's convertibility under capital accounts.

5) Pricing reform of resource products. We will adjust the prices of on-grid wind power in good time, carry out price reforms of electricity transmission and distribution on a trial basis, and improve the mechanism for coupling the prices of coal to those of electricity and the mechanism for pricing electricity generated by pumped-storage plants. We will make timely adjustments to city gate prices for non-household natural gas equivalent to the amount used in 2012. We will establish a sound system of tiered pricing for household consumption of water and natural gas. We will raise fees for the discharge of major pollutants and the prices of water supplied to some water conservancy projects. We will improve the mechanism for setting rail fares.

6) Reform of the investment system. We will move faster to introduce regulations on government investment. We will revise the methods for reviewing and approving items to be funded by domestic enterprises and foreign capital as well as outbound investment projects. We will improve the way in which review and approval work is carried out, and simplify the process to make it more efficient and transparent. We will carry out the reform of the investment and financing systems for the railway industry.

7) Reform of rural systems. We will prudently carry out the trial reform of the rural land system, and quickly determine, register and certify contracted rural land-use rights and use rights of collective land for construction purposes. We will promote the transfer of contracted rural land-use rights in an orderly manner, and develop multiple forms of larger-scale operations. We will improve the land expropriation system and safeguard farmers' fair share of value added to land. We will improve the system of commercial agricultural services and expand the trials to provide commercial services for the whole process of agricultural production. We will improve reform of the collective forest tenure system and advance reform of state-owned forestry farms and areas. We will continue with the reform to relieve state-owned farms of social services.

8) Reform of and innovations in social programs. We will advance reforms in vocational education and in examination and enrollment, and encourage nongovernmental investment in education. We will expand the comprehensive trial reform of public hospitals, and consolidate and improve the system of using basic medicines and the new operating mechanisms of community-level medical and health care institutions. We will encourage cultural enterprises' acquisitions and reorganizations across regions, industries and forms of ownership, and allow nongovernmental capital to hold controlling shares in state-owned film and television studios and theatre troupes to transform them into businesses. We will press ahead with the trials to comprehensively reform services for the elderly. We will lift control of some service prices and charges in the process of reforming social programs. In addition, we will steadily push forward national integrated reforms on a trial basis.

We will vigorously implement the win-win strategy of opening up and raise our level of opening to the outside world.

1) Improving the import and export makeup. We will consolidate our traditional advantages in export; get the export of large equipment sets to stimulate the export of interrelated industries and services; and give exports greater support in credit insurance and financing. We will guide the upgrading of the processing trade. We will appropriately handle trade frictions. We will increase the import of technologies, resources, and products in short supply domestically. We will energetically promote trade in services.

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