【正文】
m The pilot of restructuring stateowned key enterprises into stateowned capital investment panies The pilot of stateowned key enterprises developing the mixed ownership economy The pilot of the corporate boards of SOE adopting the personnel selection of senior executives, performance appraisal and remuneration management authority The pilot of sending discipline inspection group to stateowned key enterprises Policy expectation: The marketization of factor price breaks the monopoly 19 Administrative power fades out of the distribution field of factors Terminating the dual pricing system of factor price The essential elements of the factor market reform: Breaking the monopoly, gradually realizing fair petition By means of SOE reform to achieve progressively the country steps back while the people step forward Petroleum Natural gas Electric power Transportation Telemunication Policy expectation: Social security system, household registration system and land transfer reform 20 Social Security System Reform Getting rid of the existing social security management system ① Impeding migration② endangering the fairness of system Two major drawbacks, achieving actuarial balance on the basis of national coordination Land transfer system reform Achieving the separation of three rightsof ownership, contract authority and franchise Introducing large scale management in agriculture The household registration system reform No more distinction between Agriculture accounts and nonagricultural accounts Migrant workers and urban residents enjoy the same social welfare Urbanization Urbanization is the urbanization of population,so we must first solve the social security problem of farmers after they39。ve gone into town, then the problem of property disposal after farmers have left the land Policy Expectation: Objectives of the reform 21 Chinese model Chinese model Low quality highspeed Low quality lowspeed High quality highspeed Governmentleading Marketleading Prophase Anaphase The Third Plenary Session of the Eleventh Central Committee The Third Plenary Session of the Eighteenth Central Committee Market Economy A country under the rule of law Culturally diverse Reform The final objective of this reform: to establish the basic framework for modern country The risks that macro economy are likely to encounter in 2020 22 Domestic dimension: Credit risk detonated by market clearing International dimension: Dollar asset strength causes liquidity fluctuation The effective prescription for digesting risk is economic transition and a successful structural adjustment C B A Sina blog: Lin caiyi Sina blog: @lincaiyi Email: WeChat Official Account:GTJAlincaiyi