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1st Ld: Xi demands solid efforts to advance planned reforms

Xinhua, August 30, 2016 Adjust font size:

President Xi Jinping on Tuesday called for solid efforts to press ahead with the country's planned reforms in accordance with established timetable and roadmap.

The country should focus more on economic system reforms and improve fundamental mechanisms that support these overhauls, according to a statement released after a meeting of the Central Leading Group for Deepening Overall Reform, chaired by Xi.

The meeting passed a string of policies concerning green finance, intellectual property rights, resource allocation and poverty relief, among others.

Policymakers promised to "significantly reduce" the government's role in the direct allocation of resources and, instead, rely more on the power of the market, and improve intellectual property rights protection.

More will be done to encourage private investors to explore opportunities in environmentally friendly sectors, according to the statement.

Local authorities at all levels were ordered to fulfill their poverty relief responsibilities and improve land reforms for rural areas.

As part of efforts to improve the environment, a pilot environment damage compensation system will be rolled out across the regions of Jilin, Jiangsu, Shandong, Hunan, Chongqing, Guizhou and Yunnan.

While acknowledging the progress already made in major fields, the statement said that inspections were needed to review the implementation and results of the reforms.

Over the course of the 27 meetings convened by the leading group since December 2013, hundreds of measures have been designed and released to address various issues, including urbanization, poverty alleviation, innovation and the market's role in resource allocation.

The latest emphasis on reform came nearly three years after the key Third Plenary Session of the 18th Central Committee of the Communist Party of China in 2013, which featured a comprehensive reform package that covered 15 areas and 60 tasks.

China vowed that it would achieve "decisive results" in major reform areas by 2020. Endi