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: 乱码在线中文字幕加勒比| 免费鲁丝片一级在线观看| **性色生活片久久毛片| 天天影院成人免费观看| 国产三级精品在线观看| a视频免费观看| 日韩毛片免费看| 亚洲欧洲国产综合| 爱情鸟第一论坛com高清免费| 午夜无码人妻av大片色欲| 最新浮力影院地址第一页| 在线观看视频一区二区| 一个人看www免费高清字幕| 手机在线看片你懂得| 亚洲欧美日韩在线一区| 琪琪色原网站在线观看| 国产人妖在线观看一区二区| 日韩精品一区二区三区中文精品| 国产精品自拍亚洲| 中文字幕.com| 日本一道综合久久aⅴ免费| 久久黄色精品视频| 欧美jizz8性欧美| 伊人影院在线视频| 高清videosgratis欧洲69| 国产熟女一区二区三区五月婷| 2018天天射| 少妇高潮喷潮久久久影院| 九九全国免费视频| 欧美亚洲国产精品久久高清| 免费看www视频| 精精国产XXXX视频在线| 国产成人精品免费视频大全麻豆| aaaaaa级特色特黄的毛片| 女性高爱潮真实有声视频| 一区二区精品在线| 日本在线理论片| 久久天堂AV综合色无码专区| 欧美在线观看视频网站| 免费v片在线观看视频网站| 色多多免费视频观看区一区|