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    Notice On Deepening Economic Restructuring In 2008

    2008/7/30 14:10:00 41771

    Circular of the general office of the State Council Transmitting the opinions of the development and Reform Commission on deepening the reform of the economic system in 2008

    No. 2008 of the State Office [103]

    The people's governments of the provinces, autonomous regions and municipalities directly under the central government, the ministries and commissions of the State Council and the directly affiliated institutions of the State Council:


    The opinions of the development and Reform Commission on deepening economic restructuring in 2008 have been approved by the State Council, and are now forwarded to you for careful implementation.

    General Office of the State Council


    July 22nd, two, eight


     

    Opinions on deepening the reform of the economic system in 2008


    Development and Reform Commission

    According to the spirit of the 17th CPC National Congress and the requirements of the central economic work conference, in accordance with the overall plan of the 11th Five-Year plan for economic restructuring, the following opinions are put forward on deepening the reform of the economic system in 2008:


    I. guiding ideology and basic principles


    (1) guiding ideology.


    Carrying out the spirit of the 17th CPC National Congress and holding high the great banner of socialism with Chinese characteristics and guided by Deng Xiaoping theory and the important thought of "Three Represents", we will thoroughly implement the Scientific Outlook on Development, focus on changing the mode of economic development, promote the coordinated development of economy and society, deepen the reform of the economic system step by step, improve the socialist market economic system, and provide a powerful driving force and institutional guarantee for promoting scientific development and promoting social harmony.


    (two) basic principles.


    Adhere to the direction of socialist market economy reform and integrate the basic system of socialism with the development of market economy.


    We must persist in promoting scientific development through reform, and solve deep-seated contradictions and problems in economic and social development with reform.


    Adhering to the principle of "putting people first" and taking the vital interests of the masses as a starting point and foothold to promote reform.


    Adhere to the combination of practice exploration and system construction, and standardize, institutionalize and legalize the effective reform measures in time.


    - adhering to the correct handling of the relationship between reform, development and stability, and unifying the intensity of reform, the speed of development and the affordability of the society.


    Key tasks of economic restructuring in two and 2008


    (1) speed up the reform of the administrative system.


    In accordance with the requirements of the reform plan of the State Council, we should formulate and implement the "three stipulations", promote the reform of government institutions, and establish an administrative system with uniform powers and responsibilities, reasonable division of labor, scientific decision-making, smooth implementation and strong supervision.

    To guide and promote the reform of local government organizations (central organizing and taking the lead).

    Implementing the "Regulations on the disclosure of government information", improving the government information release system, and promoting the openness of government affairs.


    (two) deepen the reform of fiscal and taxation system.


    Deepen the reform of the financial system.

    We should push forward the reform of the fiscal and taxation system, study and formulate reform plans, further straighten out the relationship between the central authorities and the local authorities, improve the pfer payment system and the following provincial fiscal system, deepen the reform of the budgetary system, strengthen budgetary management and supervision, improve the public financial system around the equalization of basic public services and the construction of main functional areas, and innovate the mechanism of financial support for compulsory education, health care, public culture, social security and housing security at all levels (the Ministry of Finance and the development and Reform Commission take the lead).


    We should push forward the reform of taxation system.

    To implement the new enterprise income tax law, formulate relevant supporting policies, promote the reform of the resource tax system, study the establishment of a comprehensive and classified personal income tax system, study and formulate a plan for the implementation of the value-added tax pformation in the whole country, study and promote the reform of the real estate tax system, and study the Levy of the environmental protection tax (the Ministry of Finance and the General Administration of Taxation) take the lead.


    (three) deepen the reform of financial investment system.


    Deepening the reform of financial enterprises.

    We should promote the reform of the shareholding system of the Agricultural Bank and the reform of the State Development Bank; study and formulate the reform plan of the import and export bank and the Agricultural Development Bank; and promote the pformation of the financial Asset Management Co (the people's Bank of China and the Ministry of Finance).


    We should improve financial regulation and financial supervision system.

    We should promote the marketization of interest rates, establish and improve the interest rate formation mechanism mainly determined by market supply and demand, deepen the reform of the RMB exchange rate formation mechanism, enhance exchange rate flexibility, establish a sound regulatory regime for cross-border capital flows, and improve the coordination mechanism for anti money laundering (the people's Bank of China takes the lead).

    We should formulate regulations on the administration of credit collection, promote the construction of social credit system, and formulate regulations on deposit insurance (responsible for the people's Bank of China and the Legislative Affairs Office).

    We should establish a sound financial supervision and coordination mechanism, and establish a supervisory system for financial holding companies and cross financial businesses (people's Bank, Ministry of finance, Banking Regulatory Commission, Securities Regulatory Commission and CIRC).


    We should accelerate the reform of the investment system.

    We should further promote the reform of the government investment system, introduce government investment regulations as soon as possible, improve the investment management system in the central budget, amend the catalogues for reducing investment in a timely manner, study and draft the guiding opinions on the responsibility of the central government's investment projects, carry out pilot projects for public investment projects in the central budget, speed up the implementation of agent construction system, improve the approval system for enterprise investment projects, and standardize the management of record keeping (the development and Reform Commission takes the lead).


    (four) promoting the reform of state-owned enterprises and the development of non-public sectors of the economy.


    Deepen the reform of state-owned enterprises.

    We should speed up the pace of restructuring and restructuring of central enterprises, and promote structural adjustment and joint reorganization of key industries and enterprises (the SASAC, the development and Reform Commission, the Ministry of industry and information technology).

    We should establish and improve the mechanism for optimizing and strategically adjusting the state capital structure so as to promote the pfer of state capital to key industries, key areas and basic public services related to national security and national economic lifeline (SASAC, Ministry of finance, Ministry of industry and information technology).

    We should study and implement the reform plan of the aviation industry and promote the establishment of Aviation Industry Corp in China (Ministry of industry and information technology, SASAC, development and Reform Commission and the Ministry of Finance).

    We should speed up the reform of the shareholding system of the central enterprises, meet the requirements of the overall listing or the listing of the main business as a whole, expand the number and scope of the central enterprises to standardize the pilot of the board of directors, and establish and improve the rules and regulations governing the operation of the board of directors (SASAC takes the lead).


    We should promote the reform of monopoly industries and public utilities.

    We should accelerate the reform of the railway system (responsible for the development and Reform Commission and the Ministry of Railways).

    The study proposes a reform plan for the salt industry management system (responsible for the Ministry of development and reform, Ministry of industry and information technology).

    We will organize and implement a plan for deepening the reform of the telecommunications system (Ministry of industry and information technology, development and Reform Commission, Ministry of finance, SASAC and SFC).

    We will steadily implement the separation of main and subsidiary businesses of power grid enterprises, improve the construction of the regional electricity market, and organize the pilot work of deepening the reform of the power system (the development and Reform Commission, the SASAC, the Electricity Regulatory Commission and the Energy Bureau).

    To promote the reform of rural highway management and maintenance system (Ministry of pport and development and Reform Commission).

    We should promote the structural reform of municipal public utilities such as water supply, gas supply, heating and so on (the Ministry of housing and urban rural development) takes the lead.

    We should deepen the reform of rural hydropower system and study the establishment of a rural hydropower management system that is beneficial to the benefit of farmers (the Ministry of water resources and the Energy Bureau).


    Promoting the development of the non-public sector of the economy.

    We will further formulate and implement the relevant supporting policies of the State Council on encouraging and supporting the development of the private sector and other non-public sectors of the economy (Guo Fa [2005] 3), and relax and regulate policies and measures in the market access, fiscal revenue, credit guarantee and financial services of the non-public sector of the economy (led by the Ministry of industry and information technology).


    (five) promoting factor market construction.


    Promote stable and healthy development of capital market.

    We should strengthen the basic system construction of the capital market, improve the supervision system of the capital market, strengthen the supervision team construction, actively develop the corporate bond market, optimize the market structure, guide the listing of high quality enterprises, further expand the main board market, develop the SME board market, and actively and steadily push forward the construction of the GEM market (the SFC takes the lead).

    We should amend the regulations on corporate bond management and expand the scale of issuance of corporate bonds (responsible for the development and Reform Commission and the Legislative Affairs Office).


    Standardize the development of land market.

    Adhere to the strictest farmland protection system, establish a common responsibility mechanism in central areas, standardize and improve land acquisition procedures, improve land expropriation compensation methods, improve land allocation system, actively explore the implementation of the state organs' office land, infrastructure and all kinds of social undertaking land paid use system; improve the operating land and industrial land pfer system; promote the increase of urban construction land and rural construction land reduction linked, and increase the scale of urban construction land and the scale of rural population settlement linked to the pilot work (the Ministry of land and resources lead).

    We should strengthen the pfer of rural land contractual management rights, standardize management and services, and establish a comprehensive contract management system and pfer filing system (led by the Ministry of Agriculture).


    The establishment of a unified and standardized human resources market.

    We should integrate the personnel market and the labor market, do a good job in the implementation of the Employment Promotion Law of the People's Republic of China and the labor contract law of the People's Republic of China, and formulate relevant supporting laws and regulations (the Ministry of human resources and social security) take the lead.

    We should actively and steadily push forward the reform of the household registration system, adjust the household registration policy and allow eligible rural residents to settle down in cities.


    (six) deepen the reform of the rural economic system.


    Deepen rural comprehensive reform.

    We should further expand the pilot areas for comprehensive reform in rural areas, introduce guiding opinions to clean up and defuse rural debts, carry out a pilot project to dissolve the "universal debt" of compulsory education in rural areas, and promote the pilot reform of the comprehensive reform of water burdens on farmers.


    Promoting rural financial reform and innovation.

    We should actively and steadily push forward the pilot work of the admission policy for financial institutions in rural areas, cultivate microcredit organizations, and establish a guarantee mechanism in line with the characteristics of the rural areas (the CBRC and the people's Bank).

    We should gradually expand the scope of agricultural insurance and do a good job in the pilot work of policy oriented agricultural insurance (CIRC takes the lead).


    We will push forward the structural reform of forestry, land reclamation and water conservancy.

    We will comprehensively push forward the reform of collective forest rights system (led by the forestry bureau).

    The study put forward suggestions to further speed up the reform and development of agricultural reclamation (led by the Ministry of Agriculture).

    To promote the reform of management system of Hainan farms (Ministry of Finance).

    We should promote the reform of the property rights system of small-scale irrigation and water conservancy projects and rural hydropower engineering facilities, and promote the reform of the management system of non operational rural water conservancy projects (led by the Ministry of water resources).


    (seven) establish and improve the mechanism of resource conservation and environmental protection.


    We should improve the pricing mechanism of resources and environment.

    We should gradually improve the price formation mechanism of finished products and natural gas, implement the policy of differential electricity price, reduce the price of small thermal power and increase the price of desulphurization, improve the electricity price mechanism to promote the development of renewable energy; combine the sale price adjustment to basically realize the same price of commercial and general industrial electricity; and carry out the pilot of energy saving dispatching (the development and Reform Commission and the Energy Bureau).

    We should improve the charging system for sewage treatment and garbage disposal (the development and Reform Commission takes the lead).

    The administrative measures for the collection and use of water resources fees have been formulated (the Ministry of finance takes the lead).


    We should establish and improve the system of compensated use of resources and the compensation mechanism for ecological environment.

    We should fully implement the system of paid acquisition of prospecting rights and mining rights, improve the responsibility mechanism of mine environmental protection and governance, reform the distribution system of resource gains, and establish a resource compensation mechanism for underdeveloped areas (Ministry of finance, Ministry of land and resources, and development and Reform Commission).

    We will promote the establishment of a pilot project for establishing an ecological compensation mechanism for p provincial watersheds, carry out a pilot scheme for the paid use and trading of sulfur dioxide emission rights in thermal power plants, and carry out pilot projects of paid use and trading of major pollutants for water pollutants in the Taihu River Basin, and explore the establishment of a system of compensated use of the environment (the Ministry of finance, the Ministry of environmental protection and the development and Reform Commission).


    We will improve the system of energy conservation and emission reduction.

    We should implement the responsibility system for energy saving and emission reduction, establish and improve the publicity system for energy saving and emission reduction measures, select pilot projects for total energy consumption control in some areas, improve the energy saving and emission reduction incentive system, speed up the implementation of energy efficiency labeling system, establish and implement the energy conservation evaluation and review system for fixed assets investment projects, establish and improve the mechanism for the promotion and application of major energy saving and emission reduction technologies, implement the government's mandatory procurement of energy-efficient product systems, and carry out pilot projects on environmental pollution liability insurance (development and Reform Commission, Ministry of finance, environmental protection department), etc.

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