Premier Li Keqiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, speaks at the Central Economic Work Conference in Beijing. The conference was held in Beijing from Dec 9 to 11, 2014. [Photo/Xinhua]
BEIJING — China will accelerate reform in nine areas next year including the capital market and market access for private banks, according to the Central Economic Work Conference concluded on Dec 11.
Reform will be speeded up in administrative approval, investment, pricing, monopolies, franchising, government purchased services, and outbound investment. This takes into consideration both the need for the next year and the long-term interests, according to a statement released after the conference.
More effort will be made to transform the reform into growth, said the statement. The evaluation system for reform and general public access the reform work will also be improved.
The problems of state-owned enterprises will be addressed and efforts will be made to improve their efficiency and core competitiveness.