Balancing the Government-Market Relationship Is Instrumental for Economic Structural Reform
The political report to the 18th CPC National Congress pointed out that the underlying issue China faces in economic structural reform is how to balance the government-market relationship. Letting the market regulate the economy is essential to ensuring economic vitality. If the government performs its well defined functions, it will safeguard macroeconomic stability. If the government and the market work together and complement each other, it will provide a fundamental guarantee for sustained and sound economic development. This is what China has learned from its reform over the past more than 30 years, and it is also the orientation and a priority of China’s future reform.