According to the communication industry network Xinhua News Agency authorized the release of the "Central Committee of the Communist Party of China on Further Comprehensively Deepening Reform" adopted at the Third Plenary Session of the 20th Central Committee of the Communist Party of China on July 18, 2024 The Decision on Promoting Chinese-style Modernization (hereinafter referred to as the "Decision"), the "Decision" makes comprehensive arrangements for further deepening reform in an all-round way and promoting Chinese-style modernization in the new stage. The "Decision" makes a plan for comprehensively deepening the reform in the field of information and communication.
The "Decision" pointed out that the reform of state-owned assets and state-owned enterprises should be deepened, the management and supervision system and mechanism should be improved, the strategic coordination of the relevant management departments should be enhanced, the layout and structural adjustment of the state-owned economy should be promoted, and the state-owned capital and state-owned enterprises should be strengthened, optimized and expanded, and the core functions should be enhanced to enhance the core competitiveness. Further clarify the functional positioning of different types of state-owned enterprises, improve the management of main responsibilities and main businesses, and clarify the key investment areas and directions of state-owned capital. Promote the concentration of state-owned capital in important industries and key areas related to national security and the lifeline of the national economy, in public services, emergency response capabilities, and public welfare fields related to the national economy and people's livelihood, and in forward-looking strategic emerging industries. Improve the institutional arrangements for state-owned enterprises to promote original innovation. Deepen the reform of state-owned capital investment and operation companies. Establish an evaluation system for state-owned enterprises to fulfill their strategic missions, improve the classification assessment and evaluation system for state-owned enterprises, and carry out accounting for the added value of the state-owned economy. Promote the independent operation of natural monopoly links in energy, railway, telecommunications, water conservancy, public utilities and other industries, and market-oriented reform of competitive links, and improve regulatory systems and mechanisms.The "Decision" pointed out that the construction of a unified national market. Promote the unification of basic market system rules, fair and unified market supervision, and high-standard connectivity of market facilities. Strengthen the rigid constraints on fair competition review, strengthen anti-monopoly and anti-unfair competition, and clean up and abolish all kinds of regulations and practices that hinder the unified national market and fair competition. Regulate local laws and regulations for attracting investment, and strictly prohibit the granting of preferential policies in violation of laws and regulations. Establish and improve a unified and standardized, information-sharing bidding and bidding and government, public institutions, state-owned enterprises and other public resources trading platform system, to achieve the whole process of open management of the project. Enhance the ability and level of comprehensive market supervision. Improve the national standard system and deepen the reform of the local standard management system.The "Decision" pointed out that the factor market system and rules should be improved to promote the smooth flow of production factors, the efficient allocation of various resources, and the full release of market potential. Build a unified urban and rural construction land market. Improve the basic system for promoting the standardized development of the capital market. Cultivating a nationwide integrated technology and data market. Improve the mechanism by which factor prices are determined mainly by market supply and demand, and prevent improper government intervention in price formation. Improve the mechanism for labor, capital, land, knowledge, technology, management, data, and other factors of production to be evaluated by the market and to determine remuneration based on contributions. Promote price reform in the fields of water, energy, and transportation, optimize the tiered water, electricity, and gas price systems for residents, and improve the pricing mechanism for refined oil.The "Decision" pointed out that the circulation system should be improved, the development of the Internet of Things should be accelerated, the circulation rules and standards of the integration should be improved, and the logistics costs of the whole society should be reduced. Deepen the reform of the energy management system, build a unified national electricity market, and optimize the operation and scheduling mechanism of the oil and gas pipeline network. The "Decision" said that the market access system should be improved and the market access environment for new forms of business and new fields should be optimized. Deepen the reform of the registered capital subscription registration system, and implement the subscription on time in accordance with the law. Improve the enterprise bankruptcy mechanism, explore the establishment of a personal bankruptcy system, promote the reform of enterprise deregistration, and improve the enterprise exit system. Complete the social credit system and regulatory system.
The "Decision" makes it clear that the system and mechanism for the development of new productive forces in accordance with local conditions should be improved. Promote revolutionary breakthroughs in technology, innovative allocation of production factors, and in-depth industrial transformation and upgrading, promote the optimal combination and renewal of laborers, labor materials, and labor objects, give birth to new industries, new models, and new kinetic energy, and develop productive forces characterized by high technology, high efficiency, and high quality. Strengthen the innovation of key common technologies, cutting-edge leading technologies, modern engineering technologies, and disruptive technologies, strengthen the supply of new fields and new tracks, establish a mechanism for the growth of future industrial investment, improve and promote the development policies and governance systems of strategic industries such as new generation information technology, artificial intelligence, aerospace, new energy, new materials, high-end equipment, biomedicine, and quantum technology, and guide the healthy and orderly development of emerging industries. We will lead the optimization and upgrading of traditional industries with the improvement of national standards, and support enterprises to transform and upgrade traditional industries with digital intelligence technology and green technology. Strengthen institutional constraints such as environmental protection and safety.The "Decision" emphasizes the need to improve the system for promoting the deep integration of the real economy and the digital economy. Accelerate the promotion of new industrialization, cultivate and expand advanced manufacturing clusters, and promote the high-end, intelligent and green development of the manufacturing industry. Build a number of common technology platforms in the industry, accelerate the transformation of industrial models and enterprise organizational forms, and improve the institutional mechanisms to enhance the leading position of advantageous industries. Optimize the operation and supervision mechanism of major industrial funds to ensure that the investment of funds meets the requirements of the national strategy. Establish a mechanism to maintain a reasonable proportion of investment in the manufacturing industry, and reasonably reduce the comprehensive cost and tax burden of the manufacturing industry. Accelerate the construction of systems and mechanisms to promote the development of the digital economy, and improve the policy system for promoting digital industrialization and industrial digitalization. Accelerate the popularization and application of the new generation of information technology in all directions and the whole chain, develop the industrial Internet, and build a digital industrial cluster with international competitiveness. Promote the innovation and development of the platform economy, and improve the normalized regulatory system for the platform economy. Build and operate a national data infrastructure to facilitate data sharing. Accelerate the establishment of systems for the identification of data property rights, market transactions, distribution of rights and interests, and protection of interests, improve the capacity for data security governance and supervision, and establish efficient, convenient, and secure mechanisms for cross-border data flows.The "Decision" pointed out that the system and mechanism for the development of the service industry should be improved. Improve the policy system to support the development of the service industry, optimize the accounting of the service industry, and promote the standardization of the service industry. Focus on key links and fields to promote the high-quality development of the producer service industry, develop industrial Internet platforms, break down administrative barriers to cross-regional operations, and promote the integrated development of the producer service industry. Improve the mechanism for accelerating the diversification and development of the life service industry. Improve the system of laws and regulations for intermediary service establishments, promoting intermediary service establishments to be honest and trustworthy and to perform their responsibilities in accordance with law.The "Decision" emphasizes the need to improve the system and mechanism for the construction of modern infrastructure. We will build a new infrastructure planning and standard system, improve the mechanism for the integration and utilization of new infrastructure, promote the digital transformation of traditional infrastructure, broaden diversified investment and financing channels, and improve the coordination mechanism for major infrastructure construction. Deepen the reform of the comprehensive transportation system, promote the reform of the railway system, develop general aviation and low-altitude economy, and promote the optimization of toll road policies. Improve the underwriting capacity of shipping insurance and the global service level, and promote the innovation of maritime arbitration system rules. Improve the construction, operation and management mechanisms of major water conservancy projects.The "Decision" points out that the system for improving the resilience and security level of industrial and supply chains should be improved. We should pay close attention to building an independent and controllable industrial chain and supply chain, improve and strengthen the development system and mechanism of key industrial chains such as integrated circuits, industrial machine tools, medical equipment, instrumentation, basic software, industrial software, and advanced materials, and promote technological research and application of achievements in the whole chain. Establish a security risk assessment and response mechanism for industrial and supply chains. Improve the coordination mechanism for the gradient and orderly transfer of industries in China, and promote the sharing of benefits between the transfer-out and the undertake. Build a national strategic hinterland and a backup of key industries. Accelerate the improvement of the national reserve system. Improve the overall planning and connection system for prospecting, supply, storage and marketing of strategic mineral resources.The "Decision" points out that the reform of the scientific and technological system should be deepened. Adhere to the world's frontier of science and technology, the main battlefield of the economy, the major needs of the country, and the life and health of the people, optimize the organizational mechanism of major scientific and technological innovation, coordinate and strengthen the research of key core technologies, and promote the systematization, institutionalization, and coordination of scientific and technological innovation forces, factor allocation, and talent teams. Strengthen the construction of national strategic scientific and technological forces, improve the national laboratory system, optimize the positioning and layout of national scientific research institutions, high-level research universities, and leading scientific and technological enterprises, promote the coordination of scientific and technological innovation between the central and local governments, coordinate the construction of various scientific and technological innovation platforms, encourage and standardize the development of new research and development institutions, give full play to the leading role of China's super-large-scale market, strengthen the overall planning of innovation resources and the organization of forces, and promote the integrated development of scientific and technological innovation and industrial innovation. Establish a monitoring, early warning and response system for scientific and technological security risks, and strengthen the independent guarantee of scientific and technological infrastructure. Improve the management system of science and technology associations. Expand international scientific and technological exchanges and cooperation, encourage the establishment of international scientific and technological organizations in China, and optimize the management mechanism for foreign professional exchanges and cooperation between universities, scientific research institutes, and scientific and technological associations.The "Decision" requires that the main position of enterprises in scientific and technological innovation be strengthened, a mechanism for cultivating and strengthening leading enterprises in science and technology should be established, the deep integration of industry, university and research led by enterprises should be strengthened, and a reserve fund system for enterprise research and development should be established to support enterprises to take the initiative to take the lead or participate in national scientific and technological research tasks. Build a mechanism to promote the development and growth of specialized, special and new small and medium-sized enterprises. Encourage small and medium-sized technology-based enterprises to increase R&D investment and increase the proportion of R&D expenses plus deduction. Encourage and guide universities and scientific research institutes to license scientific and technological achievements to small, medium and micro enterprises in accordance with the method of use first and pay later.The "Decision" points out that the reform of the management system for foreign investment and outbound investment should be deepened. Create a market-oriented, law-based, and international first-class business environment, and protect the rights and interests of foreign investment in accordance with the law. Expand the catalogue of industries that encourage foreign investment, reasonably reduce the negative list for foreign investment access, implement the comprehensive lifting of restrictions on foreign investment in the manufacturing sector, and promote the orderly expansion of opening up in the fields of telecommunications, the Internet, education, culture, and medical care. Deepen the reform of the foreign investment promotion system and mechanism, ensure the national treatment of foreign-funded enterprises in terms of factor acquisition, qualification licensing, standard setting, government procurement, etc., and support participation in the upstream and downstream supporting cooperation of the industrial chain. Improve the system of convenience for foreign personnel entering the country for residence, medical care, payment, and so on. Improve the system and mechanism for promoting and guaranteeing outbound investment, improve the management service system for outbound investment, and promote international cooperation in industrial and supply chains.The "Decision" points out that the mechanism for promoting high-quality Belt and Road cooperation should be improved. We will continue to implement the Belt and Road Science and Technology Innovation Action Plan, and strengthen multilateral cooperation platforms in areas such as green development, digital economy, artificial intelligence, energy, taxation, finance and disaster reduction. Improve the integrated layout of land, sea and sky networks, and build a three-dimensional interconnection network of the "Belt and Road". Coordinate and promote major landmark projects and "small but beautiful" livelihood projects.The "Decision" points out that the comprehensive network governance system should be improved. Deepen the reform of the network management system, integrate the construction and management functions of online content, and promote the integrated management of news and publicity and online public opinion. Improve the development and management mechanism of generative AI. Strengthen the establishment of the rule of law in cyberspace, complete long-term effective mechanisms for the governance of the online ecosystem, and complete work systems for the protection of minors online. The "Decision" pointed out that the whole party, the whole army, and the people of all ethnic groups in the country should unite more closely around the Party Central Committee with Comrade Xi Jinping at the core, hold high the banner of reform and opening up, concentrate their efforts, forge ahead, and strive to build a modern socialist country in an all-round way, realize the second centenary goal, and comprehensively promote the great rejuvenation of the Chinese nation with Chinese-style modernization.
