The adoption of the resolution on reform is the most important outcome of the third plenary session of the 20th Central Committee of the Communist Party of China (CPC), a senior government official said on Friday.
Tang Fangyu, deputy head of the Policy Research Office of the CPC Central Committee, made the remarks at a press conference on the guiding principles of the just-concluded plenary session.
Supporting China's modernization faces many complex problems that require further comprehensive deepening of reforms to better adapt production relations to the productive forces, superstructure to the economic base and country's governance to social development, Tang said.
Tang said the resolution, which is headed by economic structural reform, comprehensively plans reforms in various areas and aspects, adding that the resolution puts forward more than 300 important reform measures, all of which include reforms at the level of systems, mechanisms and institutions.
China will accelerate efforts to build a high-standard market system, which is a major reform task for the country, said Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs.
Efforts will be made to build a single national market, including the development of a single market for urban and rural construction land, a nationwide integrated market for technology and data, and a single national market for electricity.
The country will improve the market system and rules for factors of production such as labor, capital, land, knowledge, technology, management and data, Han told reporters.
The systems underpinning the market economy will be improved, including optimising systems for property rights protection, disclosure, market access, bankruptcy exit and credit supervision.
To strengthen macroeconomic management, China is trying to improve fiscal relations between the central and local governments, and research will be conducted to make China's tax system compatible with new business models, Han added.
According to Han, China will also strengthen policy support for fertility to promote a fertility-friendly society as part of its efforts to safeguard and improve the welfare of its people.
He said the country will make institutional improvements to facilitate high-quality and full employment and strengthen the development of the elderly care industry.
While promoting high-level opening-up, China will extend unilateral opening-up to LDCs and open up its markets for goods, services, capital and labour to the rest of the world in an orderly manner, Han said.
Relevant systems will also be improved to make it easier for people from overseas to stay, seek medical services and make payments in China.
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