China delivers promise on reforms
August 14,2017 By:Xinhua
Aug.14,2017--With top-level design and solid implementation, China has made significant progress in carrying out hundreds of reforms that have improved the country's economic and social outlook.
Thanks to environmental reform efforts implemented since 2013, the average annual density of fine particulate matter PM 2.5 dropped more than 30 percent in key development areas, indicating improved air quality.
Reform on government function has led to more than 600 administrative procedures being canceled or streamlined, while corporate burdens were cut by 2 trillion yuan (about $300 billion).
The country's State-owned enterprises (SOEs) have also seen their efficiency improved through corporate governance reform, reporting higher profits this year after most of them were restructured into limited companies.
The accomplishments were in part a result of top-level design coupled with grassroots-level implementation. Since China identified key areas of reforms at the third plenary session of the 18th Communist Party of China Central Committee, officials have gathered regularly to review reform progress and make further plans.
Since early 2014, the Central Leading Group for Deepening Overall Reform has held 37 meetings, laying out reform blueprints in every field, from the education system to the soccer industry.