China Says It Will Not Have Veto Power In Asia Investment Bank.

Philippines's finance minister, Cesar Purisima, said on Wednesday that China proposes to allow Asian countries to join the board of Asian investment bank. Some countries interpret this as giving small shareholders the right to speak.

To reporters, the planned Asian investment bank management mechanism stipulates that no country can hold more than 1 seats in the board of 12 seats.

"The 12 (seats) are divided into 9 regional seats and 3 non regional seats, which is beneficial to smaller countries," Purisima said.

"I see a more inclusive character."

China says it will not be there

Have

The United States has a limited veto power in the world bank.

Related links:

The national development and Reform Commission formulated the annual work on deepening the reform of the economic system.

The views of this year include 39 key tasks of economic restructuring in 8 areas with a length of more than 1 million words, the longest in nearly 5 years.

From the central economic work conference at the end of last year to the two sessions of the beginning of the year, and then to the approval and announcement of this opinion, the key work roadmap for deepening China's economic restructuring in 2015 has been continuously clear.

By combing the 5 opinions formulated by the national development and Reform Commission since the implementation of the "12th Five-Year plan", many new ideas and highlights have emerged this year.

It can be seen that China's comprehensive deepening reform, focusing on the reform of the economic system, is steadily advancing steadily between "breaking" and "standing".

Xu Guangjian, vice president of the school of public administration of Renmin University of China, thinks that this year's key reform tasks are very detailed and focused on outstanding contradictions and problems. The measures not only have the characteristics of the year, but also facilitate the long-term institutional arrangement, and have been organically linked with the central economic work conference and the government work report.

The central economic work conference held at the end of last year is a framework and macro for the reform of the economic system this year.

The meeting proposed that we should speed up the reform of administrative examination and approval, investment, prices, monopoly industries, franchising, government procurement services, capital markets, private banks' access and foreign investment, so as to pform the reform measures into a driving force for development.

This year's government work report has carried out a more comprehensive and comprehensive deployment of the task of reforming the whole year's economic system.

In accordance with the relevant deployment of the government work report, the "opinions" carried out a deeper operational refinement of the key tasks, priorities, key breakthroughs and key links of the reform.

In the government work report, the "opinions on adjusting the financial investment mode", "deepening the reform of the highway investment and financing system", "introducing the government investment regulations", "revising the Anti Unfair Competition Law", "formulating the reform plan for deepening the standardization work", "the reform of the official vehicle system", "deepening the reform of the taxi industry", "promoting the unified accounting reform of the gross domestic product", "amending the regulations on foreign exchange management", "promoting the revision of the securities law and the formulation of the Futures Law", and formulating the guiding opinions on the promotion of international capacity and manufacturing cooperation.

2015 is the end of the 12th Five-Year plan.

Reviewing and reviewing the views on deepening the reform of the economic system over the past 5 years, the reporters found that the focus of the reform during the "12th Five-Year" period revolves around the government's own reform, price reform, state-owned enterprise reform, fiscal and taxation system reform, financial system reform, people's livelihood security and related reforms.

In the opinion of 2011 and 2012, the government's own reform tasks ranked behind, but since 2013, they have put the government's own reform in the first place.

"This reflects changes in the focus of reform in recent years."

Xu Guangjian believes that economic restructuring is to straighten out the relationship between the government and the market. If the government intervenes too much in the market, the development of enterprises and the vitality of the economy will be limited.

The government's own reform is a "bull's nose" and has a key role in mobilize the whole body.

In the third Plenary Session of the 18th CPC Central Committee, the CPC stressed that the reform of the economic system is the key to deepening the reform in an all-round way. The core issue is to deal well with the relationship between the government and the market so as to make the market play a decisive role in the allocation of resources and play a better role in the government.

Zhang Liqun, a researcher at the State Council Development Research Center, pointed out that to adjust the relationship between the government and the market, we must constantly adjust the functions of the government.

The improvement of the whole economic system plays a key role in the government function. The government can neither be offside nor absent.

Only by constantly deepening the reform of the administrative system, decentralization, decentralization and pformation of functions can we straighten out the relationship between the government and the market.

Price reform is a highlight of this year's opinion and is also the focus of attention over the years.

In 2011, it put forward "advancing the price reform of resource products". In 2012, it indicated "deepening the reform of resource products prices". In 2013, it emphasized the "price reform of resource products". In 2014, it said "actively and steadily push forward the price reform of resource products and pportation, telecommunications and medical services". In 2015, it pointed out that "lose no time to speed up the price reform".

Zhang Liqun said that the price reform during the "12th Five-Year plan" period, starting from the price reform of resource products, was promoted by points and planes, which is a vivid embodiment of "Chinese style reform".

Focusing on top level design and careful deployment, the reform plan is easy to push forward.

At present, there are western media hype that the Chinese government is overthrowing the measures to solve the local government debt problems.

For the local debt problem, the opinion points out that supporting measures should be made to strengthen local government debt management opinions, make pitional policy arrangements, speed up the establishment of a standardized local government debt financing mechanism, impose quota management on local government debt, and establish a local government debt risk assessment and early warning mechanism.

"This shows that the central authorities have taken note of the risk of local debt, but they will not eat it for fear of choking.

China will deal well with the relationship between debt management and steady growth, and innovate and improve the financing mechanism of local governments.

The deputy director of the World Economic Research Institute of the Shanghai Academy of Social Sciences weighed.

Compared with the central economic work conference and the government work report, the opinion has greatly improved the ecological civilization construction.

The opinions put forward that we should speed up the construction of ecological civilization system, promote energy conservation and emission reduction and protect the ecological environment.

The opinions on accelerating the construction of ecological civilization were formulated, and the overall plan for the reform of ecological civilization was formulated.

Formulating or modifying 50 energy conservation standards.

We should promote the reform of environmental protection management system centered on improving environmental quality.

At the beginning of May, the CPC Central Committee and the State Council promulgated the opinions on accelerating the construction of ecological civilization. In order to reform the system of ecological civilization through a series of macro planning and highly operational measures, the ruling party's "Action Programme" was adopted.

Combing the relevant opinions in recent 5 years, the reporters found that "speeding up the construction of ecological civilization system" began in 2014 to include in the list of economic restructuring tasks, highlighting the central government's deeper understanding of the relationship between ecological civilization and economic construction.