The management of China's hukou, or household registration, system has failed to keep pace with urbanization, a research institution has warned.
China remains committed to deepening reforms in the pursuit of long-term and sustainable economic growth, Premier Li Keqiang said on Monday. 
China needs reforms for economic development
Shanghai now tests and spearheads the nation's reform and opening-up drive, after an economic miracle created through such efforts spanning more than 30 years.
Direct taxation of income is a key method of redistributing income where there is significant inequality in the distribution of income pre-tax.
Chinese Premier Li Keqiang said on Wednesday that China's modernization will not be accomplished without reform, nor will it be achieved without opening-up.
Chinese Premier Li Keqiang said on Wednesday that China's modernization will not be accomplished without reform, nor will it be achieved without opening-up.
The government's decision to set up A free trade zone in Shanghai, together with the range of other systematic arrangements it has recently introduced.
China recently laid out guidelines to ensure that the financial sector supports its economic rebalancing efforts to transform its growth model.
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