Improve the Dual Regulation System: the Market's Decisive Role and the Government's Role

The Resolution of the third plenary session of the CPC's 18th Central Committee points out that market has decisive role in allocating resources and we must play better the government's role.Our understanding of the market's and the government's role is gradually deepening. As the economic adjustment methods, market regulation and government regulation have their strong and weak functions and different characteristics. So, we must fully play market's decisive role in allocating resources,strengthen market elements system, establish fair and open and transparent market rules,and improve the price system mainly decided by market. We also must play better the govern-ment's role, macro-control and micro-regulation system, fully and properly perform government functions,optimize government's organizational structure, and strive to improve the dual regulation system.