China targets key areas for reforms in 2008

By Xinhua

Beijing : China’s top plan body has said that it would step up reforms in key areas like economy, investment regulation and supervision, resource pricing and healthcare.


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“We should further deepen reform in 2008,” Ma Kai, head of the National Development and Reform Commission (NDRC), said at the annual working meeting of economic planners that concluded here Sunday.

He said a revised edition of list of government-approved investment projects would be effective next year. The new list featured “a project recording and evaluating system”.

Kai said that pricing reforms of oil and gas, prices of which are currently set by the government, would be carried out “steadily”.

Further reforms will be carried out in the power generation and supply sectors. Railway, postal and telecommunication companies will continue their reforms.

The authorities will also figure out a blueprint for medicine and healthcare system reform and carry out trial projects steadily.

The economic planners also discussed development of small and mid-sized companies and establishment of a credit guaranteeing system that will facilitate growth of companies.

They called for improvement in legislation on a variety of issues including enterprise investment, bidding, corporate bonds and administrative law enforcement.

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