For the achievement of China’s economic, social and economic success, the country’s government has enacted and adopted various policies to assist in management of the nation’s affaires. With the assistance of National People’s Congress (NPC), the China’s parliamentary delegation, china has been in a position to lay down strategies and plans to assist in prioritizing social, economic and social needs of the country’s citizens (Waldron, 2015).With regard to government announcements in March 2015, the policies described in the subsequent section were prioritized.
Firstly, China has a policy of lowering the expectations of economic growth. The policy is intended in lowering the growth rate of Gross Domestic Product from 7.5% to 7% by the end of the year (Trachtman, 2015). The intention of reducing the GDP is to reduce economic burden on the citizens of the country by reducing taxes so as to enhance the leaving standards of the citizens.
The second policy is interested in Job creation and supporting employment. The policy is intended in creating job opportunities for ten million people majorly in urban areas within the next two years. The policy was settled upon following the increasing rate of college graduates which currently is at 7.5 million in proportion to the reducing job opportunities within the job market (Waldron, 2015).
The third policy is aimed at enhancing environmental protection by reducing the rate of pollution. Additionally, the policy intends to reduce energy intensity by 3.1% and to cut excessive emissions from major pollutants (Trachtman, 2015).
Fourthly, a policy has been derived to assist in fighting corruption. The government has reiterated never to stop nor weaken its fight against corruption. The policy is interested in intensifying supervision over public funds as well as state owned assets.
Other policies adopted by the government consist of widening and enhancing China’s stock exchanges and enhancing investments on infrastructure and infrastructural development. Finally, the China’s policies also entail encouraging and facilitating increased foreign investments and supporting economic growth through internet-plus action plan year (Trachtman, 2015). By adoption and adherence to these policies, China has been perceived to be economically best worldwide and they are yet to achieve more.
- Trachtman, J. P. (2015). Trade law, domestic regulation and development.
- Waldron, G. (January 01, 2015). Is China feeling the chill?: Indicators point to a business jet slowdown in the world’s second-largest economy, but manufacturers are optimistic about the longer term outlook. Flight International, 14-20.