Reforms that Shape the Future

The world economy is currently under pressure due to in-depth structural adjustments in the wake of the financial crisis， from which its recovery has been much slower than expected. some countries are still absorbing the detrimental effects of the crisis such as deep debt and high unemployment. Maintaining growth is the priority of most economies. Having long maintained rapid growth driven by second-mover advantages， against this backdrop China has lowered its growth target. In carrying out in-depth restructuring， China will launch a series of reforms aimed at maintaining medium-to-high growth in a more sustainable way while continuing to contribute to the world economy.

By grasping such opportunities as urbanization and the rise of the middle class， among others， the country expects to enhance its economic structure to the level of the mid-to-high end of the industrial chain while improving the quality and efficiency of its economic development. supply-side structural reform aims at boosting economy through consumption. development of high-tech and the Internet is also expected to inject new growth impetus. Whats more， limiting government intervention will enlarge the role of the market. These deep， thoroughgoing reforms will generate encouraging prospects for both China and the global economy as a whole.