President Xi stresses coordinated functions of market, gov't
Calling the relationship between the government and market the core issue in economic reforms during a collective study on Monday May 26 , Xi stressed that the roles of the two are not contradictory and should not be pitted against each other. To give the market a more prominent role, China has pledged to deepen economic reform to ensure the market plays a "decisive" role, instead of the previous "basic" role, and allow government to play a "better" role in allocating resources during a key reform meeting last year. Xi stressed that the decisive role of the market cannot replace or negate the role of the government, and vice versa.
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