OUYANG SHIJIA and CHEN JIA: New guideline to better allocate production factors

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OUYANG SHIJIA and CHEN JIA: New guideline to better allocate production factors
editor_iot
4/09/2021 – 09:12

China announced guidelines on Thursday to help improve mechanisms for market-based allocation of production factors as part of its ongoing efforts to deepen reforms, foster high-quality development and build a modern economic system.
The new guidelines, released by the Communist Party of China Central Committee and the State Council, said the government will take key measures to enhance the flexibility of land management, encourage the rational and smooth flow of labor, relax hukou (household registration) barriers, improve the multilevel capital market system, energize the supply of technology and accelerate the cultivation of the data market.

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