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The State Council Information Office held a press briefing yesterday, during which Lian Weiliang, the deputy director of the National Development and Reform Commission (NDRC), emphasized the commission’s role in promoting economic restructuring and enhancing the market's decisive role in resource allocation. As a key government body responsible for macroeconomic regulation and reform, the NDRC is actively working to redefine its functions, with a particular focus on streamlining administrative procedures and decentralizing authority.
Lian stated that in line with the guidelines from the Third Plenary Session of the Central Committee, the NDRC will continue to reduce and delegate approval powers. The government will no longer intervene in economic activities that can be effectively managed by the market. Except for projects related to national security, ecological protection, major productivity distribution, strategic resource development, and public interest, all enterprise investment projects will be decided independently by businesses without government approval.
In response to concerns about the NDRC’s influence and internal resistance to reform, Lian highlighted that the commission is committed to strengthening market-oriented functions as outlined in the "Decision." The NDRC will carry out its mandate to drive economic restructuring in accordance with directives from the State Council.
Regarding the recent emphasis on developing a mixed-ownership economy, Lian did not directly answer whether private or foreign capital could take control of state-owned enterprises. Instead, he explained that the "Decision" includes three "allowances" and three "encouragements," such as allowing different ownership structures to coexist, enabling non-state capital to participate in state-owned projects, and promoting employee shareholding in mixed-ownership enterprises. He also encouraged non-public enterprises to join in SOE reforms and to develop mixed-ownership enterprises, emphasizing that this model fosters competition, innovation, and efficiency.
On the implementation timeline for the "Decision," Lian noted that some reforms require time, while others will be introduced gradually through pilot programs. He mentioned that the 2014 economic system reform plan is currently being developed, with key priorities identified each year to guide the process forward.