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China Reform Report 2018

Author: Source: Date:2019-05-13
Shenzhen Innovation and Development Institute (SZIDI) released the China Reform Report 2018 in May 2018. Entitled New Era, New Challenge, New Opportunity, this year’s report evaluates thirteen major aspects of the reform process in 2018, went through the series of major events in 2018 and offers five policy recommendations to tackle and challenges unveiled in the past year and seize new opportunities. The report identifies 2018 as a turning point in China’s history of reform and opening up, as well as a year with crucial challenges home and abroad.

The past five years have witnessed a series of important maneuvers that Xi’s administration has made, including thousands of reform measures that made breakthroughs in key areas. The report points out that 2018 will not only cast important clout on China’s reform and opening up policy, and economic development, but also will influence the direction of China in the future. Therefore, the report suggests

1 further emancipating the mind and eliminating the interference of the “Left”-wing thoughts, to provide political guarantee for the “six policies for economic stability”

2 making breakthroughs in the provision of legal support for the stability of the private sector

3 adhering to the correct direction of the reform and development of state-owned enterprises adopted by the Third Plenary Session of the 18th CPC Central Committee, ushering in substantial breakthroughs in SOE reform

4 deepening judicial reform, improving the level of rule of law in governance to prevent and mitigate risks

5 shifting from mobilizing commercial factors of production to institutional opening-up to prevent and mitigate the risks resulting from changes in the international context