Economic priorities for 2014 set
Print Edition
CHINA’S economic planner yesterday released priorities for 2014 in a plan that has been approved by the State Council, the country’s Cabinet.
The National Development and Reform Commission said authorities will cut red tape and slash items that need administrative approvals.
China will continue to expand the scope of value-added tax and move to regulate financing of local government.
A new mechanism of the yuan exchange rate will be developed, and volatility of the rate increased. Also, eligible private investors will be allowed to start financial institutions and invest in established ones.
State-owned enterprises will move toward mixed ownership through a cooperation mechanism between state and social capital.
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