The key task of this year's reform is to deepen the income distribution system reform. We should quickly work out a general plan for income distribution system reform. We must strive to raise the proportion of residents' income in national income distribution, and raise the proportion of labor remuneration in primary distribution. We will improve the wage system, establish a normal wage growth mechanism, steadily raise the minimum wage standard... Establish a public resource出让收益universal sharing mechanism... Regulate the order of income distribution, effectively protect legal income, resolutely abolish illegal income, and soon reverse the income gap.
b2b.cbd-china.com @ Su Haikun, Vice President of the Chinese Labor Association: This government work report on the income distribution system reform block, proposed to [establish a universal sharing mechanism for the gains from public resources出让], which is a new statement. The ownership of land, mineral resources, state-owned assets and other public resources belongs to the country and the people, and the amount of their returns is also huge, with several trillion yuan in land transfer fees each year, and the amount of returns from the transfer of state-owned assets is not small either. These benefits should be shared by all. Establishing such a mechanism would allow a large portion of these public resources' transfer earnings to be used in areas such as social security and public services, improving people's livelihood on one hand, and preventing the benefits from being wasted or benefiting only a few on the other, thereby promoting control over and narrowing unreasonable income gaps.
@ Chi Fulin, National Committee member of the Chinese People's Political Consultative Conference and President of China (Hainan) Reform and Development Academy: It is now time to solve the issue of common prosperity. Reforms have stages, and within a certain stage, income disparities may widen, but currently, after 30 years of reform, this stage should be over, yet income disparities have not only failed to narrow, but have widened instead. Chi Fulin said that the solution approach has become very clear. However, there is no timeline for when the specific plan will be released, [the difficulty lies in adjusting interest distribution. Under the current fiscal taxation system, local departmental interests and industry interests are becoming increasingly prominent, and the key issue is that the government needs to constrain its own interests and truly become the representative of public interests].
Implementation of resident tiered electricity price reform
Price reform proceeds steadily with electricity price reform, implementation of resident tiered electricity price reform plan... gradually sorting out the coal-electricity price relationship. Perfecting refined oil price reform, advancing natural gas price reform. Implementing the strictest water resources management system, reasonably formulating and adjusting water resources fee collection standards in various regions, advancing comprehensive agricultural water price reform.
@ Lin Boqiang, Director of Xiamen University's China Energy Research Center: Regarding the reform of energy resource prices, the biggest problem at present is the coal-electricity contradiction issue. If this relationship isn't sorted out, we may face large-scale power shortages this year.
The introduction of resident tiered electricity prices and the continued advancement of reforms in refined oil and natural gas prices are foreseeable developments this year. The NDRC has already made statements regarding these matters. This year, the main focus for resident tiered electricity prices will be on hearings in various regions, while the scope of natural gas price reform will continue to expand, and the adjustment cycle for refined oil prices will also shorten. By our reporter Zhong Jingjin
Breaking monopolies and encouraging private capital entry
#Various forms of ownership economy# Improve and implement various measures and policies to promote the development of non-public ownership economy, break monopolies, relax market access, encourage private capital to enter fields such as railways, municipal works, finance, energy, telecommunications, education, and healthcare, creating an environment where all forms of ownership economies can fairly compete and develop together.
Improving mechanisms serving micro and small enterprises
b2b.cbd-china.com #Fiscal and Tax Finance# Steadily advance the openness of local fiscal budgets and final accounts. Deepen the reform of centralized treasury payments, government procurement, and government bond management systems. Improve the consumption tax system... deeply advance the reform of state-controlled large financial institutions, regulate the development of small financial institutions, improve the mechanisms and systems serving micro and small enterprises and agriculture... deepen interest rate marketization reform. Steadily advance the convertibility of RMB capital projects, expanding the use of RMB in cross-border trade and investment.
@ Liu Mingkang, National Committee member of the Chinese People's Political Consultative Conference and former Chairman of the China Banking Regulatory Commission: There are two highlights in this section. One is to steadily advance the openness of local fiscal budgets and final accounts starting this year. There need to be systems for local fiscal budgets and final accounts, and these systems must be made public, which is very important. [Financing through government platforms and local government debts must ultimately be classified and incorporated into local budgets for management, addressing the root cause.] The second highlight is deepening interest rate marketization reform, clearly mentioned again. [Now that the entire market economy has advanced to this point, it calls for steadily advancing the convertibility of RMB capital projects and further developing the capital market. Without interest rate marketization reform, the latter two cannot be done well.]
@ Jia Kang, National Committee member of the Chinese People's Political Consultative Conference and Director of the Ministry of Finance's Institute of Fiscal Sciences: To deepen resource tax reform, we must overcome frictional resistance brought about by vested interests, eliminating these resistances to possibly launch the reform plan. Resource tax reform aims to prompt all parties to save energy and reduce emissions, pursuing sustainable development. But to achieve such results, supporting reforms are needed. Simply talking about resource tax reform is insufficient; for instance, sorting out the coal-electricity relationship must consider how supporting reforms will be implemented once resource tax reform expands to coal, making the design of this plan extremely crucial.