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: 欧美成人片在线观看| 都市激情亚洲色图| 好吊色青青青国产在线播放| 久久国产精品一国产精品金尊| 欧美一级片观看| 亚洲欧美日韩国产精品一区二区| 真正国产乱子伦高清对白 | 欧美寡妇XXXX黑人猛交| 亚洲经典在线中文字幕| 精品一区二区三区在线视频| 啊灬啊灬啊灬快好深在线观看| 蹂躏国际女刑警之屈服| 国产强被迫伦姧在线观看无码| 福利网址在线观看| 国产精品真实对白精彩久久| 97视频久久久| 大学生秘书胯下吞吐| www.nxgx| 少妇无码太爽了不卡视频在线看| 中文字幕无码不卡一区二区三区| 色综合欧美在线视频区| 国产成人精品曰本亚洲78| 浮力影院国产第一页| 国产精品美女自在线观看免费| 97精品视频在线观看| 在线视频这里只有精品| 久久久久亚洲AV成人无码网站| 日韩精品视频观看| 亚洲av无码专区国产乱码不卡| 欧美伊久线香蕉线新在线| 十八岁的天空完整版在线观看 | 欧美怡红院免费全部视频| 亚洲欧美在线播放| 波多野结衣一区二区三区高清在线| 人人妻人人玩人人澡人人爽| 男人边吃奶边做弄进去免费视频| 免费黄色在线网站| 精品久久8X国产免费观看| 再深点灬舒服灬太大了网站 | 三级黄色在线观看| 成人h在线播放|