From“Market-oriented”to“Market-based”.docVIP

From“Market-oriented”to“Market-based” As China’s leadership prepares to convene in November to set the tone of national policy for the next few years， it has been reported that “market-based”reform， an escalation of the current “market-oriented”approach， may be on the cards. Although details of the reform are yet to be disclosed， the reform， should it materialize， is expected to help China achieve muchneeded economic restructuring， laying the foundations for another decade of economic growth. But for any such reform to be successful， three goals must be achieved： reforming the pricing mechanis