Market reforms enter new era

By Takehiko Nakao
0 Comment(s)Print E-mail China Daily, January 6, 2014
Adjust font size:

With regard to labor market, the Third Plenum highlighted reform of the household registration management system to bring in market forces through greater labor mobility. The Party's Urbanization Working Conference held on Dec 11 and 12 reiterated the clear message that rural migrant farmers can be registered as urban residents more easily in future, starting from some medium and small cities, and can enjoy social benefits equal to those of other urban residents. At the same time, the land use rights of farmers will be made tradable in the market. This land reform will enable interested rural farmers to become permanent urban residents. Reforms in land and labor markets are needed for social fairness, they also contribute to sustainable economic growth.

Contrary to the popular perception, the strengthening of markets does not mean the weakening of the government. A well-functioning market relies on a capable and efficient government. To promote the role of the market, the government has pledged to give high priority to ensuring macroeconomic stability and the adequate provision of public services, while limiting the scope of government intervention to areas of "market failure". It is an essential role of the government to deal with externalities-chief among them, pollution and climate change -by encouraging more efficient use of natural resources and promoting alternative energy sources. This would help create an "ecological civilization".

Governance reform and promoting the rule of law are key for realizing the expected decisive role of the market. In this regard, I welcome the plan to modernize the fiscal and taxation system by setting up a multi-year budgeting framework; ensuring fair, efficient and transparent taxation; and providing a clearer delineation of responsibilities between central and local governments. It is particularly important for local governments to develop a well-designed revenue structure by introducing property tax, resource tax and environment tax instead of selling land. I appreciate that the piloting of the conversion of business tax to value-added tax has achieved some success.

The Asian Development Bank has been supporting the development of China for the last 27 years through a number of loans for electricity, transport, urban development, education and other projects amounting to $28 billion. ADB has also provided grants for knowledge work in areas such as the environment, economic planning, and fiscal policy. We are committed to providing the strongest possible support to China to implement the reform plan decided at the Third Plenum by enhancing knowledge cooperation with various key government agencies. At the same time, we look forward to sharing China's experiences with ADB's other developing members with a view to achieving our shared goal of inclusive, sustainable growth, and building a better world for all.

The author is president of the Asian Development Bank.

 

   Previous   1   2  


Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产精品综合色区在线观看| 少妇性俱乐部纵欲狂欢少妇| 亚洲依依成人精品| 男女边摸边做激情视频免费 | 亚洲黄色在线视频| 美女内射毛片在线看免费人动物| 国产国产人免费人成免费视频| 亚洲国产成人va在线观看| 国产精品露脸国语对白| 99精品全国免费观看视频| 妇乱子伦精品小说588| 中文字幕在线观看不卡| 日本午夜小视频| 久久精品九九亚洲精品| 案件小说2阿龟婚俗验身| 亚洲国色天香视频| 武则天一边上朝一边做h| 伊人婷婷色香五月综合缴激情| 精品国产乱码一区二区三区| 国产aⅴ精品一区二区三区久久 | 欧美性活一级视频| 亚洲码欧美码一区二区三区| 猫咪免费人成网站地址| 免费吃奶摸下激烈视频| 精品国产一区二区三区在线 | 国产欧美日韩在线观看无需安装 | 浮力影院第一页| 人体内射精一区二区三区| 精品三级在线观看| 出轨的女人2电影| 精品国产一区二区三区www| 午夜在线观看免费影院| 美女内射毛片在线看3D| 四虎影永久在线高清免费| 色婷婷在线视频观看| 国产三级精品在线观看| 高h全肉动漫在线观看最新| 国产拍拍拍无码视频免费| 日韩欧美一区二区三区免费看| 国产精品成人四虎免费视频| 2019天天干夜夜操|