China’s Official Think Tank Releases ‘383 Scheme’ for Future Reforms

Nov. 5 – The Development Research Center (DRC) of China’s State Council, which is known as the official think tank of China, recently released the “383 Scheme” for the Third Plenary Session of the …

GIBS Information Centre / GIBSIC‘s insight:

China – 383 scheme:

Innovation system

  • Creating a market environment with less government intervention and more market regulation and toleration in a new technology and business mode

Openness to outside world (especially in service sector)

  • Open energy, telecom, and financial industries to competitive foreign investors
  • Use “negative list” in industry access and unify laws that regulate domestic investments and foreign investments in China to build a fair and competitive market environment
  • Lessen upfront examination and approval procedures for foreign investment
  • Improve the export tax refund system, implement structural decreases in tariffs, and escalate the establishment of free trade zones (i.e. most recently, the China-Japan-Korea FTA)

– See more at: http://www.china-briefing.com/news/2013/11/05/chinas-official-think-tank-releases-383-scheme-for-future-reform.html#sthash.5uWE6nk4.dpuf

See on www.china-briefing.com

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