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New Comprehensive and Far-reaching Reforms Start in China
2013/12/17

The fowlloing is an article by H.E. Ambassador Wu Jianghao, published by Daily News:

 

The Third Plenum of the 18th CPC(Communist Party of China) Central Committee was held in Beijing from 9 to 12 November, which has attracted world-wide attention as it drew up a master plan for comprehensively deepening China's reform. The decisions of the Plenum has started new comprehensive and far-reaching reforms in China.

Let's look back on the past unusual 35 years. In 1978, the Third Plenum of the 11th Central Committee of the Communist Party of China unveiled a massive reform programme across China. The past 35 years are featured with the main theme of "reform". The reform and opening up policy has transformed China, dramatically increased productivity and made China the second largest economy in the world.

But now, we are confronted with new problems. How to tackle the problems arising in the course of development? How to avert risks of various kinds? How to promote sustainable economic and social development? The answer is very clear. With great faith in the opening and reform policy, we will start a new wave of reform with greater political courage and wisdom as well as more powerful measures.

Great Determination

As this reform task is faced with great challenges and difficulties, we must have great determination and strong confidence to carry it out. CPC Party General Secretary, President Xi Jinping has said recently during an inspection tour of east China's Shandong Province,"All Party members should be confident that China's reform blueprint will be realized. No matter what difficulties and disturbances we encounter, we shall not swerve from the reform", China is determined to free up fixed mindsets,overcome institutional drawbacks, discard outdated ideas and shatter the grip of vested interests.

Explicit Aims

The Third Plenum both made systematic deployments and identified priority areas for deepening reform. The aim is to promote social fairness and improve people's welfare. It is for all labor, knowledge, technology, management and capital to play an active role, to fully tap into the potential of all sources of social wealth, to let every Chinese get a fair share of the fruits of development. Here are some details:

Stick to and further improve China's basic economic system.

·Build a modern market economy at a faster pace.

Transform government functions.

Deepen the reform of fiscal and taxation system.

· Achieve balanced development in rural and urban areas.

· Build an open economy.

· Advance socialist democracy.

· Strengthen socialist political institutional building.

· Enforce rule of law.

· Apply stricter control and oversight on the exercise of power.

· Innovate institutions for cultural development.

· Renovate social programs.

· Introduce new models for social management.

· Better protect the eco environment.

· Deepen reform of national defense and the armed forces.

A key area among all these is economic reform. The kernel of this issue is to have a proper relationship between the government and the market. Such a relationship should allow the market to play a decisive role in allocating resources, yet at the same time enable the government to play a more effective supervisory role.

Powerful Measures

The Plenum's decison specified 300 measures to achieve 55 reform tasks in 15 sectors. The schedule is to accomplish all reform tasks and achieve conclusive results in key areas by 2020. Here are some examples:

· Formulate fair, open and transparent market rules.

· Adopt a uniform market access regime.

· Experiment with a pre-establishment national treatment and negative list approach towards foreign investment.

· Increase access for foreign investment.

· Harmonize laws and regulations governing both domestic and foreign investments.

· Orderly open up financial, educational, cultural and healthcare sectors.

·Relax restrictions on foreign investment in such services sectors as construction, accounting, auditing, logistics and e-commerce.

· Further open up the manufacturing sector.

·Ensure lawfulness, independence and impartiality of judicial and prosecutorial authorities.

· Ensure universal and exact enforcement of national laws.

· Improve the system for legal protection of human rights.

· Reaffirm that the state respects and protects human rights.

· Abolish the system of re-education through labor.

· And improve the community correction system.

Two New Bodies

The Plenum has decided to set up two new bodies in China to meet the requirements of this far-reaching reform.

First is the formation of National Security Commission, which turns out to be an eye-catching part of China's ambitious reform agenda. Similar bodies can be found in scores of countries all over the world, including the United States and Russia.Though different in names and structures, they are all designed to increase coordination and integration among various wings of national security bureaucracy, split between police, military, intelligence and diplomatic services.

Second is the Central Taskforce on Deepening Reform,which is in effect a "headquarters of reform", tasked with overall planning, coordination, monitoring implementation of reform measures and achieving synchronized progress. Because China's reform has entered the 'deep water', any reform measure that threatens vested interests will meet complaints and resistance. This makes top-down design from the central government highly necessary. Reality calls for comprehensive planning and coordination among different agencies by the central leadership.

China's Reform Helps Realize the World Dream

The reform in the past 35 years has lifted China out of poverty and backwardness. Now, the second round of reform from this Third Plenum will realize the great revitalization of the Chinese nation. The reforms will make true for China's 1.3 billion people – the 'Chinese Dream'.

Moreover, The "Chinese Dream" is an inseparable part of the dream of the world. The "Chinese Dream" will bring to the world new hope, new opportunities and new driving forces. It also needs more understanding, support and assistance from the world.These reforms will bring new and greater opportunities for China-Sri Lanka cooperation.

The reform has targeted to build a modern and open market economy as well as strengthen rule of law. This means that China will provide a more level playing field. It also means that Chinese companies and individuals will be actively engaged in overseas investment. They will give full play to their advantages. They will invest in creative ways such as green land investment, mergers and acquisitions, buying securities and bonds and setting up joint ventures.

The reform has also aimed to promote cultural development. This means China will broaden international cultural exchanges, draw on the finest culture of foreign countries, import talent, technologies and expertise. So the reforms will greatly boost China-Sri Lankan exchanges and cooperation in economic and cultural sectors.

China and Sri Lanka are good friends and partners. China will extend its friendship with sincerity, bring benefits to Sri Lanka in an inclusive manner. Let's work together, and push China-Sri Lankan relationship to a new higher level.



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