The CCP's Decision on Deepening the Reform of Some Major Issues ("the decision" henceforth) passed in November 2013 is a programmatic document which guides China to deepening the reform in the era of fully completed the decisive stage of welloff society, and is an important deployment for the improvement and development of Chinese socialist system, promoting the modernization of national governance system.
Several important reforms conducted since 1978 have greatly promoted the development of productivity and the improvement of people's living standard, such as the reform of the rural family contract system, price reform, the reform goal of socialist market economy proposed in 1992, as well as the accession to the World Trade Organization (WTO). However, since 2003 the reform progress was slowed down. There fore, "the decision" made in the Eighteen CPC National Congress and its Third Plenary Session marks the Chinese restart the reform agenda, sounded the clarion call of the new reform.
"The decision" deepens the reform of economy by extending it to the political, cultural, social and ecological civilization system, and thus is a comprehensive reform of the five in one.Deepening the reform should take economic system reform as the key point, persist in taking economic construction as the center, actively and steadily continue to deepen marketoriented reform from the breadth and depth, and lay a solid material foundation of socialism with Chinese characteristics.In fulfilling this target, economic system should play a role in traction of other reforms.
The unbalanced, uncoordinated, unsustainable problems in Chinese economy are gradually revealed in the process of rapid development, meanwhile the longterm extensive expansion of resources and environmental bottleneck constraints become increasingly prominent, and thus China faces the transformation from the pursuit of quantity expansion to the urgent task of the pursuit of quality and efficiency change. To deepen the reform on the transformation of the economic transformation and development mode, it is necessary to deepen the reform to form the systems and mechanisms for changing the motivation of economic transformation and development mode.It includes sticking to and improving the basic economic system, actively developing the mixed ownership economy; developing a modern market system with orderly competition of national unified open market; allocating resources mainly by the market mechanism, allowing the prices of products as well as the prices of production and resources to reflect the true market supply and demand, resource scarcity, environmental and ecological damage costs; speeding up the transformation of government functions; deepening the reform of the fiscal and financial system; encouraging all the market main body to enhance the vitality of competitiveness through the driven of innovation;allowing the national people to share the fruits of development fairly.
