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Reforms in a number of key areas will lead to new breakthroughs

March 15, 2019 06:55

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"Reform" became the high-frequency word of the two sessions this year. During the two sessions, the heads of several ministries revealed the plan for the next step of reform. Under the main line of supply-side structural reform, this year's reforms in key areas will usher in a new breakthrough. Specifically, the reform of state-owned enterprises in mixed ownership, deepening the reform of value-added tax, and reforming the oil and gas sector will become a point of view. Representatives and industry experts said that more reform dividends will be released.

"In this year's government work report, the word 'reform' has appeared 105 times, becoming the most in the calendar year." Huang Shouhong, head of the drafting group of the government work report and director of the research office of the State Council, said at the briefing of the new state office that it is necessary to grasp the government. The big logic of deepening reform and opening up in the work report. High-frequency words such as "marketization" and "market subject" both indicate a determination, a kind of declaration, and also indicate China's policy orientation and work orientation. We must push for a comprehensive deepening of reform with a high level of opening up.

The government work report proposes that we should continue to adhere to the supply-side structural reform as the main line and work hard to "consolidate, enhance, enhance, and smooth" the eight words. More ways to adopt reforms will be to use more market-oriented and rule-of-law methods to consolidate the achievements of “three to one, one reduction and one supplement”, enhance the vitality of micro-subjects, upgrade the level of the industrial chain, smooth the national economic cycle, and promote the high-quality development of the economy.

Yang Weimin, deputy director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference, said that as long as we insist on the driving force for reform, deepen the supply-side structural reform, implement the policy of "consolidation, enhancement, promotion, and smoothness", and more use market-based legalization methods to correct distortions in factor allocation. The self-correction mechanism of the market economy will play a greater role, and the resilience of economic development will increase.

Under the main line of structural reform on the supply side, this year's state-owned enterprise-owned enterprise reform, fiscal and taxation financial system reform, etc. will usher in a new breakthrough in the attack. During the two sessions, the heads of several ministries revealed the road map for the next step of reform.

The government work report proposes to accelerate the reform of state-owned assets and state-owned enterprises. Strengthen and improve the supervision of state-owned assets, promote the pilot reform of state-owned capital investment and operating companies, and promote the preservation and appreciation of state-owned assets.

Xiao Yaqing, director of the State-owned Assets Supervision and Administration Commission, said recently that 2019 is a crucial year for the reform of state-owned enterprises. One of the key points is to reform the state-owned capital authorization management system and accelerate the transformation to the management capital. A list of authorized decentralization of the SASAC will be issued in 2019.

As a breakthrough in the reform of state-owned enterprises, the reform of mixed ownership will also be expanded and upgraded. Xiao Yaqing revealed that it will expand the mixed ownership reform in key areas, and the fourth batch will have more than 100 mixed ownership enterprises.

"In 2019, the reform of state-owned enterprises entered the deep water area. The difficulty is how to improve the ability of reform, and there must be innovative practices." Xu Niansha, party secretary and chairman of China Poly Group Co., Ltd. told the Economic Information Daily that the reform of state-owned capital investment companies The pilot "upgraded version" focuses on high-quality development, and the strategic layout must highlight the main business advantage, "there is progress and retreat." Mixed ownership reform needs innovation, and the economic advantages of different ownership systems must be realized and reflected.shareholderWould be a good solution.

The government work report proposes to deepen reforms in the fields of electricity, oil and gas, railways, etc. Natural monopoly industries should be separated according to the characteristics of different industries, and the competitive business will be fully introduced to the market. State-owned enterprises must continuously enhance their development vitality and core competitiveness through reform, innovation, and physical fitness.

“The reform of the oil and gas sector is the key reform direction. The three oil and gas companies of the central enterprises (iePetroChinaSinopec andCNOOC) This year, we will take the opportunity of the formation of the pipeline company to deepen the reform of the oil and gas field. Xiao Yaqing pointed out in response to a question from the reporter of the Economic Information Daily.

Deepening the reform of value-added tax is also a major point of view for this year's reform. Liu Kun, Minister of Finance, said recently that deepening VAT reform is the core content of tax cuts and fees this year. On the one hand, it pays attention to highlighting inclusiveness and ensuring that the tax burden of major industries is significantly reduced. On the other hand, focusing on the integration with the tax reform, the new three-grade tax rate is conducive to continuing to promote the third-grade VAT rate and two files.

Gao Peiyong, vice president and member of the Chinese Academy of Social Sciences, said in an interview with the Economic Information Daily that nearly 2 trillion yuan of tax cuts and reductions are based on policy needs to ensure that the economy operates in a reasonable range, and also on the supply side. Institutional arrangements for reform and advancement.

Experts said that the deepening of reforms in a series of key areas will release more dividends.

"Deepening market-oriented reforms can stimulate the enthusiasm of nearly 1.4 billion people and the vitality of 100 million market players. This is China's largest potential productivity and creativity." Yang Weimin said.

Zhang Zhanbin, dean of the Marxist School of the Party School of the Central Committee of the Communist Party of China (National School of Administration) told the Economic Information Daily that China has entered a critical moment of promoting high-quality economic development and must adhere to the main line of supply-side structural reform.

At the same time, it is necessary to increase the pertinence, flexibility, effectiveness and accuracy of the reform, and more to meet the individualized, diversified and differentiated needs of the market, users and consumers, so that the supply-side structural reform has sustained and long-term economic growth. ability.

Lin Yifu, dean of the Institute of New Structural Economics of Peking University, said that maintaining the strength, grasping the main contradictions, and identifying breakthroughs in reforms can solve the deep-seated problems that constrain development. This is an important experience for China to promote economic and social development.

"Although the reform and opening up of our country has gone through thousands of miles in the past 40 years, we still need to wading through the mountains." Mao Wanchun, chairman of the Hainan Provincial People's Political Consultative Conference, said that we have profoundly realized in the practice of exploration that reform does not stop, and that openness does not stop, reform Open is always on the road.

(Article source: Economic Reference)

                (Editor: DF155)

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