Key economic reforms in spotlight

Editor's Note: President Xi Jinping said at the APEC CEO Summit 2014 opening ceremony on Sunday that comprehensively deepening reform will not only liberate productive forces but also unleash the vitality of society. Following are some major economic reforms introduced since the Third Plenum of the 18th Central Committee of the Communist Party of China held in November 2013, which are expected to continue playing a significant role in China's economic and social development:

China's financial market system will be improved, according to the communique of the Third Plenum.

Guo Jianguang, a professor at the Central University of Finance and Economics, said the market, rather than the government, is likely to play a more important role in deciding China's exchange and interest rates. As an effective measure to control the macroeconomy, the exchange and interest rates have long been tightly regulated, he said.