The financial power-based transfer payments are fiscal subsidies for promoting regional governments’ financial power, and are designed mainly to balance inter-regional financial disparities and equalize the inter-regional levels of public services.
Since China began reform over twenty years ago, its economy has posted continuous rapid growth. The living standard of Chinese people across all regions has consequently improved.
Strengthening the construction of energy and major raw materials bases and accelerating the development of competitive manufacturing industry is an inherent requirement for the rise of China’s central region.
Industrialization is inseparable from resource consumption, but China faces a severe problem with restricted resources. The problem is mainly reflected by the following facts.
The technological innovation service system is an important component of the national innovation system. Internationally, there is no explicit definition of technological innovation services.
China’s service industry has maintained rapid growth since 2000. The internal structure of the service industry has also improved to some extent.
The 15th Party Congress set the principle of adjusting the state-owned economic distribution and changing the overly extensive layout of the state-owned economy, and a consensus has been reached on this issue.
Joining the World Trade Organization can enable China to enjoy the long-term unqualified most-favored-nation treatment and can create a fair-trade environment for enterprises to explore new markets.