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2015 in review : Top 10 news of China’s economy in the new normal (2)

By Zhang Hongyu (People's Daily Online)    15:20, December 21, 2015
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4. Checking the systematic financial risk

The State council has adopted a series of measures to control systematic risk following the stock market crash in June.

5. Top-level design for reform of SOEs

On Sept. 13, China's central authorities issued guidelines to deepen reforms of state-owned enterprises (SOEs). This is the latest move from the government to invigorate torpid SOEs, bringing a top-level solution for the SOE problems that have troubled the Chinese economy for so long.

6. Five principles for development

The 5th Plenary Session of the 18th CPC Central Committee proposed five principles of innovation, coordination, green development, opening up and sharing for the 13th Five Year Plan (2016-20).

The supply-side reform will be led by a series of policies to improve public service, environmental protection, quality of production and further opening-up to the global economic system.[Photo/China Daily]

7. Reform of the supply front

At the 11th meeting of the central finance and economy group on Nov. 10, President Xi Jinping stressed that China should strengthen structural reform of the supply front in order to increase the quality and efficiency of the supply system and provide a growth impetus for sustainable economic development.


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(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Hongyu,Bianji)

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