Business / Markets

China facing up to 'deepwater area' reforms

(Xinhua) Updated: 2014-07-01 17:36

Other reforms 

Reforms are being advanced in others sectors, including culture, the environment, energy, consumption, investment, Party building and national defense.

The country has selected Guangdong, Shanghai, Jilin, Hubei, Hainan and Qinghai as pilot provinces for judicial reforms, which draw great public attention.

Reform of the household registration system, or hukou, will also be accelerated.

But the progress of reforms differs among provinces and sectors. In carrying out the order to streamline administration, some authorities have sneakily delegated inessential power but retained major decision-making control, said Xu.

To ensure reforms are put into practice, the State Council dispatched eight inspection teams last Wednesday to check the implementation of its policies nationwide, in a process which will last 10 days through to July 5.

Resistance is expected in the coordination and implementation of local governments and departments, noted Zhao Zhenhua, an economist at the Party School of the CPC Central Committee.

The key is to build up consensus and properly tackle the relationships between short-term and long-term, partial and holistic interests as well as national and international levels, to serve the country's overall reform and development, said Zhao.

China facing up to 'deepwater area' reforms

China facing up to 'deepwater area' reforms

Starting now, bank loans easier to get  Forex deposit rate caps lifted
 

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