China announces guidelines for reform priorities in 2015May 19, 2015 - 08:38 AMT PanARMENIAN.Net - Chinese policymakers on Monday, May 18, announced guidelines for reform priorities in 2015, ranging from streamlining administrative procedures to boosting the yuan's global role, as Beijing steps up efforts to open up the country's capital markets, Reuters reports. The State Council, China's cabinet, approved the guidelines drafted by the National Development and Reform Commission for this year's action plan, calling 2015 "a crucial year for deepening reform." "More focus will be placed on promoting financial reforms to push forward the development of the real economy", the statement said. With the ultimate goal of restructuring the economy to boost consumption at the expense of exports and investment, Beijing has remained focused on a range of reforms, including freeing up the workforce to liberalizing China's nascent financial market. The document, which contained few detailed measures, appeared to be more of a broad-strokes outline of the areas which the government was targeting for reform rather than a set of specific policy steps, Reuters says. Specific areas targeted for reform included state enterprises, taxation, the Shenzhen Hong Kong stock connect, deposit rates, the initial public offering system, and boosting the global status of the yuan among others. Photo: AFP Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. U.S. doesn’t see Russia as contributing to peace in Caucasus Patel made the remarks when asked about the implications of Russia’s withdrawal of peacekeepers from Karabakh. Up to 1% cashback when shopping on Wildberries with IDBank cards IDBank is launching an exclusive campaign on Wildberries for online shopping enthusiasts. |