The Third Plenary Session of the 18th CPC Central Committee ushered in a new chapter of China＇s comprehensive deepening of reform. The basic objective of comprehensively deepening reform of the state sector of econom...The Third Plenary Session of the 18th CPC Central Committee ushered in a new chapter of China＇s comprehensive deepening of reform. The basic objective of comprehensively deepening reform of the state sector of economy in the new chapter is to fully integrate this sector with a sophisticated market economic system with the market playing the decisive role in resource allocation. In order to achieve this objective, China is confronted with the four major priorities of adjusting the functions and layout of the state sector of economy according to national mandates, expediting the mixed ownership reform, creating a classified and multi- tiered new system for the administration of the sector, and developing a modern corporate system for SOEs to ensure an efficient micro-level governance mechanism for the sector. （1） The functions of the different types of SOEs should be accurately defined and SOEs should be divided into the three types of public policy SOEs, functional SOEs, and commercial SOEs. This classification forms the premises for reforming the state sector of economy. Based on the functions of the three types of SOEs, the directions and emphases for strategic adjustment should differ as well. （2） The mixed ownership reform should adhere to the methodological principles of combining top-down and bottom-up approaches, implementing pilot programs, and promoting coordinated progress. Practical implementation should ensure fair and standard reform procedures, reform programs consistent with laws and regulations, open and fair equity transfers, as well as fair and transparent internal distributions. The mixed ownership reform of SOEs should introduce the employee stock ownership system and adhere to the principles of compatible incentives, shared growth, and long-term development. Monopolistic sectors should be transformed into competitive market structures to create conditions for the implementation of mixed ownership for SOEs. （3） The new system for the administration of the state sector of economy should comprise three hierarchies： the Commission for the Administration of State Economy at the top level, state capital operation companies or state capital investment companies at the intermediate level and general for-profit enterprises at the bottom level, which administer public policy, functional SOEs, and commercial SOEs respectively. （4） Under the new system for the administration of the state sector of economy characterized by the three hierarchies and categories, the key for perfecting the modern corporate system of SOEs is to establish a differentiated, classified governance mechanism, i.e., different corporate governance mechanisms should be created for SOEs of different functions and roles.展开更多
INTELLECTUAL property is highly valued the world over,including in China.The Decision on Some Major Issues Concerning Comprehensively Deepening Reform,released in November 2013 at the Third Plenary Session of the 18th...INTELLECTUAL property is highly valued the world over,including in China.The Decision on Some Major Issues Concerning Comprehensively Deepening Reform,released in November 2013 at the Third Plenary Session of the 18th Communist Party of China（CPC）Central Committee,said explicitly：＂We will strengthen the application and protection of intellectual property rights（IPR）,improve the technological innovation incentive mechanism,and explore ways to set up IPR courts.＂ On August 31, 2014, the National People＇s Congress, China＇s top legislature, voted to establish IPR courts in Beijing, Shanghai, and Guangzhou. They soon came into being, constituting a milestone in China＇s IPR protection.展开更多
The retirement age policy adjustment is again sharing the cost of the aging process, incentives to delay retirement life expectancy means that workers work longer. Developed by the elastic mechanism into retirement sy...The retirement age policy adjustment is again sharing the cost of the aging process, incentives to delay retirement life expectancy means that workers work longer. Developed by the elastic mechanism into retirement system framework, improve the flexibility of the retirement system, in curbing early retirement incentives to delay retirement, improve the elderly labor force participation rate, and achieved some success. The reform of the retirement system gradually into public view. To adapt to China＇s national conditions for the establishment of flexible retirement mechanism, western countries need to discuss flexible retirement system, in-depth analysis of the establishment of the special constraints flexible retirement mechanism, good theoretical advance preparation for retirement Mechanism.展开更多
文摘The Third Plenary Session of the 18th CPC Central Committee ushered in a new chapter of China＇s comprehensive deepening of reform. The basic objective of comprehensively deepening reform of the state sector of economy in the new chapter is to fully integrate this sector with a sophisticated market economic system with the market playing the decisive role in resource allocation. In order to achieve this objective, China is confronted with the four major priorities of adjusting the functions and layout of the state sector of economy according to national mandates, expediting the mixed ownership reform, creating a classified and multi- tiered new system for the administration of the sector, and developing a modern corporate system for SOEs to ensure an efficient micro-level governance mechanism for the sector. （1） The functions of the different types of SOEs should be accurately defined and SOEs should be divided into the three types of public policy SOEs, functional SOEs, and commercial SOEs. This classification forms the premises for reforming the state sector of economy. Based on the functions of the three types of SOEs, the directions and emphases for strategic adjustment should differ as well. （2） The mixed ownership reform should adhere to the methodological principles of combining top-down and bottom-up approaches, implementing pilot programs, and promoting coordinated progress. Practical implementation should ensure fair and standard reform procedures, reform programs consistent with laws and regulations, open and fair equity transfers, as well as fair and transparent internal distributions. The mixed ownership reform of SOEs should introduce the employee stock ownership system and adhere to the principles of compatible incentives, shared growth, and long-term development. Monopolistic sectors should be transformed into competitive market structures to create conditions for the implementation of mixed ownership for SOEs. （3） The new system for the administration of the state sector of economy should comprise three hierarchies： the Commission for the Administration of State Economy at the top level, state capital operation companies or state capital investment companies at the intermediate level and general for-profit enterprises at the bottom level, which administer public policy, functional SOEs, and commercial SOEs respectively. （4） Under the new system for the administration of the state sector of economy characterized by the three hierarchies and categories, the key for perfecting the modern corporate system of SOEs is to establish a differentiated, classified governance mechanism, i.e., different corporate governance mechanisms should be created for SOEs of different functions and roles.
文摘INTELLECTUAL property is highly valued the world over,including in China.The Decision on Some Major Issues Concerning Comprehensively Deepening Reform,released in November 2013 at the Third Plenary Session of the 18th Communist Party of China（CPC）Central Committee,said explicitly：＂We will strengthen the application and protection of intellectual property rights（IPR）,improve the technological innovation incentive mechanism,and explore ways to set up IPR courts.＂ On August 31, 2014, the National People＇s Congress, China＇s top legislature, voted to establish IPR courts in Beijing, Shanghai, and Guangzhou. They soon came into being, constituting a milestone in China＇s IPR protection.
文摘The retirement age policy adjustment is again sharing the cost of the aging process, incentives to delay retirement life expectancy means that workers work longer. Developed by the elastic mechanism into retirement system framework, improve the flexibility of the retirement system, in curbing early retirement incentives to delay retirement, improve the elderly labor force participation rate, and achieved some success. The reform of the retirement system gradually into public view. To adapt to China＇s national conditions for the establishment of flexible retirement mechanism, western countries need to discuss flexible retirement system, in-depth analysis of the establishment of the special constraints flexible retirement mechanism, good theoretical advance preparation for retirement Mechanism.
