What they say

Editor's Note: Six experts put forward their suggestions for the Chinese economy at a seminar on Monday. Premier Li Keqiang presided over the seminar, which solicited advice on the 13th Five-Year Plan (2016-20).

The government no longer directly controls large fractions of the economy; that is part of the success of the move to market economy. But the government has large impacts on what the private sector does, through tax and expenditure policies, and most importantly, through rules and regulations-the institutional infrastructure. As China moves toward the market economy, this needs to be adapted.

Joseph Stiglitz, professor at Columbia University