SONG HONG:NEW MEASURES FOR DEEPENING REFORM AND OPENING-UP

The annual Central Economic Work Conference concluded with a statement that ensuring sound economic work is especially important for 2019,which marks the 70th anniversary of the founding of the People’s Republic of China.It is also crucial for building a moderately prosperous society in all respects.One key task is to advance all-round opening-up.

Tasks and Priorities for Comprehensively Deepening Reform of China’s State Sector of Economy

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.

Deepening China's Investment System Reform——The State Development Investment Corporation

The Chinese government set up the State Development Bank against the background of the Chinese economic system being transformed from planned to market. In May 1995, the State Development Investment Corporation was established. Does this mean that China’s investment system reform is advancing at a much

Chinese Village Elections: Deepening Political Reform in China

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Deepening Reform, Enhancing Human Rights Development——Summary of the Symposium on Human Rights Construction and Reform

At the end of 2013, the Graduate School of the China University of . Political Science and Laworganized a symposium on t-luman Rights Construction and Reform and activities at the university in com-- memoration of the 65th anniversary of the adoption of the Universal Declaration of Human Rights.

Exploring New Ways to Deepen the Reform of State-owned Foreign Economic and Trade Enterprises

By the end of the century, the reform and development of China’s state-owned enterprises will create new prospects. The reform of state-owned foreign economic and trade enterprises should also see further breakthroughs. At present, the following aspects are important: 1. Implement a Holdings System in the Reform of State-owned Foreign Economic and Trade Enterprises. The holdings system plays a major role in transferring the management mechanism of state-owned foreign economic and

Reform of Rural Planting Structure in China since the Reform and Opening-up and Its Main Problems

Based on the oral interview of six different types of rural families in Houdian Village,Longkou City,Shandong Province,combined with the adjustment of rural reform policies,this paper analyzed reasons for the reform of rural planting structure in China since the reform and opening-up and elaborated the general outline of the reform of the planting structure.From the changes in farmers' attitudes,it explored the achievements and shortcomings of rural reform in the past 40 years.It discussed problems such as shortage of labor resources and vacancy of family education of teenagers in the current sustainable development of rural areas.Finally,it came up with some recommendations for the development of rural areas.

China’s New Moves on Reform and Opening-up Promise the World New Opportunities

LAST year, China celebrated the 40th anniversary of its reform and opening-up, which led the country on an unprecedented road to success. Thanks to that policy, China has developed in four decades from,in many respects, a backward thirdworld country, into one of the world’s leading economies.

Carry Forward Reform and Opening-up, Promote Peace and Development

THE 2018 Boao Forum for Asia(BFA)Annual Conference was a major diplomatic event hosted by China,with this year’s theme,"An Open and Innovative Asia for a World of Greater Prosperity."With this year marking the 40th anniversary of the country’s reform and opening-up,visions of openness and development set the tone of this high-profile conference.The key topics of the forum-the Belt and Road Initiative and building a community of a shared future for mankind-undoubtedly boosted the confidence

Pilot Free Trade Zones:Taking Reform and Opening-up to New Heights

CONSTRUCTION of Pilot Free Trade Zones(PFTZs)is a strategic measure of China’s reform and opening-up policy.Since the 18th National Congress of the Communist Party of China(CPC),it has taken the policy’s effectiveness to new heights.

China Marks 40^th Anniversary of Reform and Opening-up

On December 18,China held a grand gathering to celebrate the 40^th anniversary of the country's Reform and Opening-up,a great revolution that has changed the destiny of the Chinese nation and also influenced the world.

China’s Successful Reform and Opening-up Policy and Its Political Implications for Africa

Over the past four decades,the Chinese people have always pursued development with an open door,and have accomplished a great transition from seclusion and semi-seclusion to all-round openness.China,s economic progress,understood in a global historical context,is unique.Facing the rise of foreign companies in China,Beijing balances market competition due to the diversification of economic actors and local protection of SOEs and strategically important industries.The CPC has developed powerful,effective top-down mobilization capacities.The quality of the ruling party is also vital to developing countries,and most developing countries usually still lack well-developed governments,markets and civil societies.Reforms are necessary for growth and for the ruling party as well.While African developing countries face the challenge of finding a suitable development path,they could find the answer after getting a better understanding of Chinese reform and opening up.

Achievements in the Reform Of the Cultural Field over the 40 Years of Reform and Opening-up

With the deepening of Reform and Opening-up,the reform and development in cultural field has gone through an extraordinary journey and achieved remarkable achievements.

Evolution of the “Zhejiang Spirit” During the Forty Years of Reform and Opening-up

The "Zhejiang spirit" refers to a theoretical summary of the group consciousness, mental state, value orientation and ideological realm, which is, as a motivating power, owned and recognized by all Zhejiang people, and carries Zhejiang peculiarities. President Xi Jinping, during his term of office in Zhejiang, launched a number of seminars and activities to seek "a Zhejiang spirit that moves with the times." Forty years of reform and opening-up, the "Zhejiang spirit" has experienced an evolution that can be summarized as three improvements: from spontaneous formation to deliberate cultivation, from something limited to eastern Zhejiang to an integrating force that spans the entire Zhejiang Province, and from a mere existence to a role that functions adequately. The "Zhejiang spirit" is extracted from the humanistic spirits shaped in all corners of Zhejiang province. It is "an instrumental ensemble played across the entire province," and represents a certain judgment and interpretation. The "Zhejiang spirit" not only describes and summarizes the past and present, but will also guide and motivate the future, and support people in their enterprising and industrious practices to move with the times.

ZHENG BIJIAN:UNDERSTANDING CHINA AT A NEW STARTING POINT OF REFORM AND OPENING-UP

"Over the last 40 years,we have consistently adhered to an independent foreign policy of peace,followed the path of peaceful development and pursued a win-win strategy of opening-up,"declared Chinese President Xi Jinping,also general secretary of the Communist Party of China(CPC)Central Committee,at a major event on December 18,2018,organized to commemorate the 40th anniversary of reform and opening-up.

Celebrating 40 Years of Reform and Opening-up

President Xi Jinping and other Chinese leaders attended a grand gathering to celebrate the 40th anniversary of China’s reform and opening-up at the Great Hall of the People in Beijing on December 18,2018.The celebration started with everyone rising to sing the national anthem.

Thoughts on High-quality Development of Unconventional Gas in Central China——Commemorating the 40th Anniversary of Reform & Opening-up and New Progress in Foreign Cooperation

In accordance with the development concept of 'innovation,coordination,green,openness and sharing' and to promote the supply-side structural reform,CNPC proposes its new goals and strategy in the new era,and expands the overall strategy into ‘resources,market,internationalization and innovation'to adapt to the needs of cleaner energy development in the new era and highlight innovation,openness and green development.It has been seen that through foreign cooperation in the field of unconventional gas,remarkable results have been achieved in the introduction of international advanced concepts,technologies and management experiences.Tight gas and shale gas resources in Central China are abundant but more challenged in geological condition than that in North American,and there are great geological,technical and economic risks.CNPC has achieved significant phased achievements for the development of tight gas and shale gas in Ordos and Sichuan Basin;however,the development quality of unconventional gas assets needs to be further improved.To achieve high-quality development of tight gas and shale gas,on one hand,we must implement the strategy of self-operation and foreign cooperation combination,take advantage of the in tegration of self-operation with foreign cooperation and realize synergetic development;on the other hand,we need to fully understand that the technical characteristics of tight gas and shale gas are different from those of the conventional energy and unconventional technical measures,management strategies and methods are required.

Opening-up Domestic Bond Market in the Support of China’s Supply-Side Reform

This paper studies the opening-up of domestic bond market in the support of China’s supply-side reform by examining the five core elements about the reform,namely overcapacity trimming,inventory de-stocking,financial deleveraging,cost reduction,and improvement of weak links in the economy.By examining the relationship between bond market opening-up and each element of the reform,the paper comes to the conclusion that the opening-up of domestic bond market is supportive to China’s supply-side reform.

Asian and African Officials’ Views on China’s 40 Years of Reform and Opening-up

China＇s reform and opening-up policy, which started in 1978, has become more effective. The success of reform and opening-up has transformed China from a low-income country to one of the world＇s largest econo- mies today. In my view, the success of China＇s develop- ment lies in the country greatly reducing the number of people living in poverty. According to the World Bank, hundreds of millions of Chinese people have been lifted out of extreme poverty.

New Ways to Deepen Reform in Foreign Trade Enterprises An interview with Yan Junxiu, General Manager of the Beijing Garment I/E shareholding Corp.

The Beijing Garment Import and Export Shareholding Corporation, Ltd. was the first shareholding corporation in Beijing which was set up in February 18, 1994. Its predecessor, the Beijing Garment Import and Export Corporation, had registered annual import and export earnings of US$300 million, ranking first among the foreign trade corporations in Beijing. Its change into a shareholding corporation has aroused keen interest in garment