Xu Shaoshi, China Development and Reform Commission, said in Beijing on the 27th, the Chinese economy in the second half will focus on speeding up reforms in key areas and key links, actively expand domestic demand and other key work.
The same day, by the State Council, Xu Shaoshi report on economic and social development this year, implementation of the plan to the second session of the State Council, the tenth meeting of the NPC Standing Committee.

China's economy in the second half priorities include: First, to accelerate reforms in key areas and key links. Such as the implementation of the overall plan to deepen fiscal and tax reform, accelerate the reform of budget management system, improve the standard transfer payment system, the implementation of support SMEs, especially small and micro enterprise development tax incentives. Deepen financial reform, and actively promote the pilot preparatory work of private banks, the interest rate reform in an orderly way, to develop a multi-level capital market, and carry out the pilot securitization of credit assets, the implementation of good corporate alleviate the high cost of financing policies, to further improve the financial institutions risk treatment mechanisms. Continue to deepen the focus on agriculture and rural areas, state-owned enterprises, science and technology system, culture, education and resource products prices and other reforms.

Second, actively expanding effective domestic demand. Such as encouraging private capital invest pension, health, culture and other types of commercial services, the implementation of policies and measures to promote tourism consumption good, pay close attention to the development of the sports industry, sports a number of policies to promote consumption, especially in the central and western regions to strengthen rural broadband infrastructure in rural areas facilities. Around efforts to increase the effective supply of public goods, increased investment in economic and social development of the weak links, speed up shantytowns, strengthen railways, urban underground pipelines, energy saving and environmental protection and other key areas of the Midwest construction, investment and financing channels and innovative ways to attract social capital in particular, private capital participation. Expected to strengthen guidance and promote stable and healthy development of the real estate market.
In addition, Xu Shaoshi also referred to efforts to win the annual harvest, accelerate economic restructuring, and continuously improve the level of opening to further protect and improve people's livelihood and other key work. (Excerpt from China Construction Machinery Business)