Committed to deeper reform, opening-up

To mark the 40th anniversary of reform and opening-up this year, China has decided to further ease its economic policies, and implement a sweeping reform program for Party and government institutions.

The newly unveiled reform package - the eighth round of restructuring of Party and government institutions in 40 years - will be of far-reaching significance to realize the "Two Centenary Goals" of achieving a moderately well-off society by 2020, a year before the 100th anniversary of the founding of the Communist Party of China, and building a prosperous, modern socialist country by 2050, just a year after the 100th anniversary of the founding of the People's Republic of China.

The reform package will provide a strong and forcible organizational guarantee for China to modernize governance, which in turn will help achieve the "Two Centenary Goals".