The Central Committee of the Communist Party of China (CPC)
published Tuesday a decision on issues regarding the improvement of
the socialist market economic system.
The 24-page, 12-part decision, approved at the Third Plenary
Session of the 16th CPC Central Committee, which was held from
Oct.11 to 14, outlined the major tasks to further improve the
market economy to build a well-off society in the country.
The major tasks were defined as follows:
-- Improving the basic economic system of keeping public
ownership as the mainstay of the economy and allowing diverse forms
of ownership to develop side by side;
-- Narrowing the gap between urban and rural areas;
-- Promoting coordinated development of different regions;
-- Establishing a unified, open and orderly modern market
system;
-- Improving macro-control, administration and economic legal
systems;
-- Improving employment, income distribution and social security
systems; and
-- Establishing a mechanism to promote sustainable social and
economic development.
"Public ownership should be further consolidated and the
non-public economy should be also encouraged and supported," said
the decision, which also specified that the management system over
state-owned assets should be improved and the reform of state-owned
enterprises be further deepened.
While emphasizing the importance of the rural reform, the
decision also called for an improvement of the market system and
the standardization of the market order.
"Macro-control should be further improved and the function of
the government be transferred," said the decision, adding that the
financial and tax system of the country should also be improved and
the financial reform be deepened.
The scope of opening up to the outside world should be further
expanded and the system concerning the country's scientific,
technological, educational, cultural, and sanitary development be
further improved in order to increase the creativeness of the
country and the overall quality of the public, said the
decision.
"The political administrative system should be further reformed
and the system of economic laws be further improved," said the
decision, which also called for the reinforcement of the party's
leadership and mighty efforts to improve the socialist market
economic system.
The targets of further improving the market economy are to
coordinate urban and rural development, regional development,
economic and social development, the harmonious development of man
and nature, domestic development and the opening up to the outside
world, said the decision.
Also, with the move, the role of the market in resource
allocation is expected to be strengthened, the competitiveness of
enterprises reinforced, the state macro-control improved, and the
function of the government in social administration and public
service enhanced, according to the decision.
The decision stressed the importance and urgency of the reform
of the economic system. So far, the socialist market economic
system has primarily been established, a basic economic system
dominated by the public ownership and supported by diverse forms of
ownership have been set up, and an overall opening-up to the
outside world has been formed, noted the decision.
"The continuous deepening of reform has greatly stimulated the
improvement of the social productive force, the comprehensive
national strength and the living standard of the general public,
and also enabled the country to successfully endure the test of the
world financial crisis, serious natural disasters and major
epidemics," said the decision.
However, it pointed out, problems still exist, including
irrational economic structure, imperfect distributive system, slow
growth of farmers' income, high employment pressure, increased
natural resource pressure and relatively weak economic
competitiveness.
The main reason is that China is now at the primary stage of
socialism with an incomplete economic system and still faces a lot
systematic obstacles in the development of its productive
force.
"To accord with the international environment featuring economic
globalization and fast scientific and technological development and
to meet the target of building a well-off society in an all-round
way, the step of reform should be further quickened so as to
further emancipate and develop the productive force and inject more
vigor into the overall economic and social development," said the
decision.
Meanwhile, the decision also specified Deng Xiaoping Theory and
the important thought of "
Three Represents" as the guideline in carrying out the economic
system reform.
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(Xinhua News Agency October 22, 2003)