China announced major reform tasks for 2016

Almaty. April 18. Silkroadnews – China’s National Development and Reform Commission (NDRC) has listed 2016 major tasks to promote the economic reforms, including the reform of the state-owned enterprises, market surveillance, investment, urbanization, opening up and innovation. The due statement was issued on the results of the commission’s two-day workshop on structural economic reforms, “People’s Daily” reports.

In particular, the commission proposes to initiate mixed-ownership pilots in a part of the state-owned enterprises and push forward reforms in such sectors as electric power, oil and gas industry, the salt industry.

The government will further cut red tape and improve market supervision, including compiling a negative list to enhance market access regulation. Market threshold of some major industries will be lowered for investors, and the current investment and financing mechanism will be improved, according to the statement.

China will also implement the household registration reform to urbanize more rural migrants with a plan to help 100 million people settle in cities.

The country will continue to push forward opening up to the outside world, building its economic belt of the Silk Road and the Maritime Silk Road of the 21st century, promoting the international cooperation in the production capacity, further opening of service industry and production sectors and establishing a “negative list” for foreign investors.

The Chinese government will also focus on strengthening support for innovation and entrepreneurship.
Other tasks for this year includes acceleration of a pricing reform in electricity, medical services and transport, improving the utilization of natural resources and strengthening the environmental protection.