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Government and Market: Clarify the Boundary and Supplement Each Other

  • Ronghua Shen
  • Sheng Cao
Chapter
  • 12 Downloads
Part of the The Great Transformation of China book series (TGTC)

Abstract

Straightening out the relation between government and market lies in the core issue in comprehensively deepening reform, and also the prime orientation to propel government function transformation and boost government governance ability. As shown by practical experience, government action beyond authority will disable the role of market. To straighten out the relation between government and market, more attention should be paid to promoting decentralization, deepening administrative approval reform, loosening threshold and reinforcing control, deregulating government power to the market and enterprises to activate market vigor. On this basis, the government should speed up to formulate three lists, namely power list, responsibility list and negative list, and clarify the boundary between government and market. In the meantime, the government should combine centralization with decentralization, reinforce market supervision, innovate mode of supervision, execute administrative accountability system, expand social participation and prevent government supervision inadequacy. Under the context when economic growth enters new normal state in China, it is imperative to launch the reform to add new motive of development, create a favorable business environment, intensify public service supply and exert the role of government to compensate market dysfunction.

Copyright information

© The Author(s) 2020

Authors and Affiliations

  • Ronghua Shen
    • 1
  • Sheng Cao
    • 1
  1. 1.Chinese Public Administration SocietyBeijingChina

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