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szdaily -> Business -> 
Meeting identifies next-stage reform priorities
    2021-02-23  08:53    Shenzhen Daily

CHINA’S top leaders have outlined priorities and tasks for the next-stage reform at a key meeting Friday, which is expected to play a crucial role in the country’s pursuit of a new development paradigm.

Comprehensively deepening reform is closely related to implementing the new development philosophy and establishing a new development paradigm, according to the 18th meeting of the central committee for deepening overall reform.

Stressing full, accurate and comprehensive implementation of the new development philosophy, the meeting called for focusing on the task of establishing a new development paradigm, introducing more targeted reform plans and pushing forward reform to a deeper level.

Key areas of reform highlighted at the meeting include pursuing high-level independence in scientific innovation.

The meeting underscored the importance to remove institutional barriers that restrict the improvement of the core competitiveness of science and technology, break through the bottleneck of core technologies and industries, and firmly grasp the initiatives of innovation and development.

Value-added output by China’s high-tech manufacturing sector saw a 7.1 percent growth last year, compared with the 2.8 percent increase in the overall industrial output, official data showed.

Another highlight is to deepen reform to smooth economic circulation.

More targeted measures will be introduced to improve a fair competition system, strengthen the protection of property rights and intellectual property rights, unleash the vitality of market entities, promote the upgrade of industrial and supply chains, establish a modern logistics system and build a unified national market.

Reform will also be pushed forward to further expand domestic demand.

Efforts will be made to improve systems and mechanisms for coordinated regional development and integrated urban-rural development, as well as accelerate the development of a new type of urbanization that puts people at the core.

Further reforms will be pushed in the land system and household registration system, while a mechanism shall be established to consolidate outcomes of poverty alleviation while enhancing rural vitalization works, the meeting noted.

In a recent interview with Xinhua, Ning Jizhe, deputy head of the National Development and Reform Commission, said China will further enhance demand-side management and expand domestic demand by tapping the potential in new consumption models, increasing effective investment and implementing development strategies such as coordinated regional development and people-centered urbanization.

Reform will also be advanced to push for high-level opening up.

To establish an open economy at a higher level, the meeting urged further opening up of market factors, the introduction of better rules, regulation, management and standards, improvement in the legal system and progress in fostering a market-oriented, law-based and internationalized business environment.(Xinhua)

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