Balancing hand of government

An explicit national development strategy with macroeconomic regulation targets can promote healthier market relations

In a move to promote the healthy and sustainable development of the national economy and elevate China's economic and comprehensive national strength to a new high, the Third Plenum of the 18th Central Committee of the Communist Party of China vowed to push for more scientific macroeconomic regulation and effective governance.

According to a guideline passed by the session, to improve the country's macroeconomic regulatory system, China should pay more respect to market rules, more reasonably define the boundary of macroeconomic regulations and better handle some key relationships.