BEIJING, Oct. 29 (Xinhua) -- The Chinese government will reduce intervention in price formation, according to a communique released Thursday after a four-day key meeting of the Communist Party of China (CPC).
The government will deregulate pricing products and services in competitive sectors in a comprehensive way from 2016 to 2020, or the 13th Five-year Plan period, said the communique issued after the Fifth Plenary Session of the 18th CPC Central Committee.
