State Council, Circular on Approval and Transmission of the «National Development and Reform Commission, Opinion on Intensifying the Reform of the Economic System in 2009»

国务院批转发展改革委关于2009年深化经济体制改革工作意见的通知

July 29, 2009 | BY

clpstaff &clp articles &

State Council proposes the levy of environmental tax and property tax.

Clp Reference: 2100/09.05.19 Promulgated: 2009-05-19

Issued: May 19 2009

Main contents: The main points of the Circular include:

(1) to continue to reduce and revise items that require administrative examination and approval;

(2) to accelerate the research on relevant policies for encouraging the investment of private capital in important sectors such as oil, railways, electricity, telecommunications and urban public utilities;

(3) to continue to deepen the reform of electricity prices, improve the cost structure of coal and the pricing mechanism of natural gas, and accelerate the establishment of an initial water right system;

(4) to study the issue of guiding opinion on adjusting the income distribution;

(5) to study the levy of environmental tax and property tax;

(6) to issue measures for the administration of equity investment funds as soon as possible;

(7) to accelerate the establishment of a mechanism for examining the safety of mergers and acquisitions with foreign funds;

(8) to further delegate the examination and approval authority and simplify the examination and approval procedures; and

(9) to further simplify outbound investment administration procedures.

clp reference:2100/09.05.19promulgated:2009-05-19

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