National Development and Reform Commission: China's price market is over 97%

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2017/07/28 10:45
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The reporter learned from the National Development and Reform Commission that since the party’s 18th National Congress, China's price-oriented market reforms have accelerated and the scope of governme

The reporter learned from the National Development and Reform Commission that since the party’s 18th National Congress, China's price-oriented market reforms have accelerated and the scope of government pricing has further narrowed. According to calculations, the degree of marketization in China in 2012~2016 was 94.33%, 94.68%, 95.16%, 96.45% and 97.01%, respectively.

Among them, the cumulative increase in 2016 over 2012 was 2.68 percentage points, while the degree of marketization of prices in 2016, 2015 and 2014 increased by 0.56, 1.29 and 0.48 percentage points respectively from the previous year, which was significantly higher than the level of 0.35 percentage points in 2013, reflecting the The pace of price-oriented market reforms has accelerated markedly in the past three years.

From the perspective of impact, the proportion of government-administered prices in 2016 was 2.99%, of which the central government's management price ratio was 1.45%, a decrease of 1.91 percentage points from 2012, and contributed 71.3% to the national price-marketization increase. This was mainly due to In recent years, the state has liberalized most of the prices of medicines, telecommunications services, prices of franchised commodities such as tobacco leaves, prices of some competitive transportation postal services, construction project services and other professional services, and actively promoted direct electricity trading.

From an industry perspective, with the country's liberalization of tobacco leaf purchase prices in 2015, all agricultural product prices in China have been formed by the market. In 2016, the price of the primary industry was 100%, and in 2016, the secondary industry was 97.37%. , an increase of 1.77 percentage points over 2012; as the country has successively liberalized telecommunication tariffs and some transportation, postal, and construction project service prices, the degree of marketization of the tertiary industry in 2016 increased by 5.40 percentage points from 2012 to reach 95.90. %.

It is reported that this measure adopts a new method and expands the scope of measurement from covering only the primary and secondary industrial sectors to all primary and secondary industries and all services and services.