Xi explains China's reform plan

KEY DECISIONS

A significant theory of the session was to acknowledge the market's decisive role in allocating resources, Xi said.

Economic reform is the key of the entire reform drive while a proper relationship between the market and government remains the core of China's economic reform, Xi explained.

China has to follow the basic law of the market economy and work on the problems of an underdeveloped market system, excessive government intervention and weak supervision of the market, he said.

However, Xi noted that to let the market decide does not mean to let it decide all. "The socialist market economy needs both the market and government but they play different roles."

The government is to maintain a stable macro-economy, provide public service, safeguard fair competition, supervise the market, keep market order, promote sustainable development and step in when the market fails, he added.

To ensure the smoothness of the reform, the CPC decided to set up a leading group for overall reform as it is hard for certain or several departments to push forward such a complicated systematic project, Xi said.

The group will be in charge of designing national, major reform on an overall basis, arranging and coordinating reforms in relevant aspects, pushing forward reform as a whole, and supervising the implementation of reform plans.

Talking about the to-be-established national security commission aimed at strengthening the unified leadership to the state security work, Xi said its main responsibilities include stipulating and implementing state security strategies, pushing forward the construction of the rule of law system concerning state security, setting security principles and policies, as well as conducting research.

"National security and social stability are the preconditions for reform and development", Xi said.

Xi also pointed at strengthening Internet management to ensure its accurate use and cyber security.

Citing rapid growth of social networking services and instant messaging tools, he said concerted efforts should be made to manage the Internet regarding technologies, content and security.

Xi also clarified decisions on the basic economic system which allows more private capital into the market to develop a mixed ownership economy, fiscal system reform, rural-urban integration, promoting consultative democracy, improvement of the judicial system, anti-corruption as well as natural resources management and supervision.

COURAGE & ACTION

Reform and opening-up is the most significant feature of modern China and the CPC, Xi said. He called for greater political courage and wisdom as well as stronger measures to promote reforms.

Except for deepening reforms, there is no other way to dissolve risks and challenges from all the sides and show the advantage of socialism with Chinese characteristics, he said.

He emphasized on the emancipation of mind, which is the top priority for breaking the barriers from entrenched interest groups.

While thorough research and argumentation is necessary, the reform needs activeness and bold efforts. It is impossible to reform without any risk or changes of current institutions.

He urged strengthening top-level design and comprehensive planning so that all the aspects concerning economy, politics, culture, society and ecological progress could coordinate well.