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Regional innovation reform can invigorate economy

English.news.cn 2015-09-15 15:54:42

(Xinhua photo)

BEIJING, Sept. 15 (Xinhua) -- China's comprehensive innovation reform program will boost innovation and drive the economic growth, a senior official from the National Development and Reform Commission (NDRC) said on Tuesday.

An inter-ministry coordination mechanism will advance the innovation reform program to let innovation play bigger role in driving economic growth, said NDRC senior official Meng Xiantang at a press conference.

Last week, China's central authorities released an overall reform plan on boosting innovation in areas including the Beijing-Tianjin-Hebei region, Guangdong and Sichuan Provinces, and the cities of Shanghai and Shenyang.

The reform plan explores the integration of technology and economic growth, supports entrepreneurship and establishes a market-oriented innovation mechanism.

Innovation reform will benefit Beijing-Tianjin-Hebei regional development, promote innovation and industrial transformation in Yangtze River Delta and deepen innovative cooperation between Guangdong, Hong Kong and Macao.

Specific reform measures in each area will be released by the end of this year and implementation will begin next year. An interim review of the measures will start in 2017.

Related:

News Analysis: Chinese SOEs to ride new reform wave

BEIJING, Sept. 14 (Xinhua) -- China's government made another big move in its commitment to reform by unveiling a guideline on Sunday promising to push state-owned enterprises (SOEs) to become independent market entities.

China will modernize SOEs, enhance management of state assets, promote mixed ownership and prevent the erosion of state assets, according to the guideline released by the Communist Party of China Central Committee and the State Council.

The 20-page reform agenda, which reportedly took over two years to draft, called for a gradual move to mixed ownership, setting a deadline of 2020 for its major targets to be achieved.Full Story

Structural reforms keep Chinese economy afloat

BEIJING, Sept. 11 (Xinhua) -- China is confident of a bright economic future as unremitting efforts to push structural reforms might unlock potential and unleash vitality.

In his speech at the opening of the World Economic Forum's event in Dalian on Thursday, Premier Li Keqiang dispelled worries that China's economy might make a hard landing as deepened structural reforms can generate sustainable growth.Full Story

China Focus: Chinese economy grows on reform, not stimulus: Premier

DALIAN, Sept. 10 (Xinhua) -- The Chinese economy has seen increasing reforms, and the government has not printed excessive money or staged massive stimulus despite strong downward pressure, Li said on Thursday.

China contributed around 30 percent to world economic growth during the first half of this year, he said, adding that the world's second largest economy will not take a "hard landing".Full Story

[Editor: huaxia]
 
Regional innovation reform can invigorate economy
                 English.news.cn | 2015-09-15 15:54:42 | Editor: huaxia

(Xinhua photo)

BEIJING, Sept. 15 (Xinhua) -- China's comprehensive innovation reform program will boost innovation and drive the economic growth, a senior official from the National Development and Reform Commission (NDRC) said on Tuesday.

An inter-ministry coordination mechanism will advance the innovation reform program to let innovation play bigger role in driving economic growth, said NDRC senior official Meng Xiantang at a press conference.

Last week, China's central authorities released an overall reform plan on boosting innovation in areas including the Beijing-Tianjin-Hebei region, Guangdong and Sichuan Provinces, and the cities of Shanghai and Shenyang.

The reform plan explores the integration of technology and economic growth, supports entrepreneurship and establishes a market-oriented innovation mechanism.

Innovation reform will benefit Beijing-Tianjin-Hebei regional development, promote innovation and industrial transformation in Yangtze River Delta and deepen innovative cooperation between Guangdong, Hong Kong and Macao.

Specific reform measures in each area will be released by the end of this year and implementation will begin next year. An interim review of the measures will start in 2017.

Related:

News Analysis: Chinese SOEs to ride new reform wave

BEIJING, Sept. 14 (Xinhua) -- China's government made another big move in its commitment to reform by unveiling a guideline on Sunday promising to push state-owned enterprises (SOEs) to become independent market entities.

China will modernize SOEs, enhance management of state assets, promote mixed ownership and prevent the erosion of state assets, according to the guideline released by the Communist Party of China Central Committee and the State Council.

The 20-page reform agenda, which reportedly took over two years to draft, called for a gradual move to mixed ownership, setting a deadline of 2020 for its major targets to be achieved.Full Story

Structural reforms keep Chinese economy afloat

BEIJING, Sept. 11 (Xinhua) -- China is confident of a bright economic future as unremitting efforts to push structural reforms might unlock potential and unleash vitality.

In his speech at the opening of the World Economic Forum's event in Dalian on Thursday, Premier Li Keqiang dispelled worries that China's economy might make a hard landing as deepened structural reforms can generate sustainable growth.Full Story

China Focus: Chinese economy grows on reform, not stimulus: Premier

DALIAN, Sept. 10 (Xinhua) -- The Chinese economy has seen increasing reforms, and the government has not printed excessive money or staged massive stimulus despite strong downward pressure, Li said on Thursday.

China contributed around 30 percent to world economic growth during the first half of this year, he said, adding that the world's second largest economy will not take a "hard landing".Full Story

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