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If the modern transformation of villages' governance structure is not implemented in economically developed villages, the more developed these areas become, the more troubles they will face.
"Comprehensively deepening reform," the path identified in the session, marks a critical departure from the unitary reform and constitutes a continuation of the spirit of reform that dates back to the 1980s.
Competition and cooperation between dotcom companies and financial institutions will help upgrade the financial industry and ultimately benefit individual investors.
For Jack Ma, realizing a qualified IPO according to its agreement with Yahoo is not a difficult task; the difficulty is how to successfully list while ensuring control of the company.
Redevelopment of land and industrial upgrading in the Pearl River Delta region is hindered by the fact that collectively-owned land cannot be transferred or mortgaged.
The German economy can not only provide lessons in reform options for other European countries, it is also instructive for any economy facing similar challenges.
The controversy over transgenic technology and the Chinese government’s conservative attitude has dimmed the technology’s prospects for commercialization domestically.
Various signs indicate a new round of investment planning has quietly begun. In the current round of investment, policymakers will be more concerned with efficient investment and structural adjustment.
Liu abused his approval authority for major projects to make profits for himself and his associates. The case highlights a number of institutional factors that allowed him to trade power for profit.
The marketization of interest rates helps transmission mechanism of monetary policies and facilitates efficient capital allocation in the real economy.
Domestic telecommunications operators are being challenged by "light carriers," which are local Internet companies that have offered users better telecom and value-added services.
The People's Bank of China adopted a wait-and-see approach during the crisis, which reflects policymakers' discontent over banks' asset-liability maturity mismatch and massive off-balance-sheet assets.
For years, Ding acted as an agent between Liu and bidders that offered bribes for contracts. Ding put all the illicit gains under her own name and spent the money on networking or other affairs at Liu's command.
The divergences of various macroeconomic indicators indicate the structural mismatch of resources has reached a tipping point, which has complicated analysis and regulation of the macroeconomy.
Potential loopholes exist in procedures from project approval and allocation of subsidies to follow-up supervision, all of which could result in loss of financial funding.
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