China announces guidelines for reform priorities in 2015May 19, 2015 - 08:38 AMT PanARMENIAN.Net - Chinese policymakers on Monday, May 18, announced guidelines for reform priorities in 2015, ranging from streamlining administrative procedures to boosting the yuan's global role, as Beijing steps up efforts to open up the country's capital markets, Reuters reports. The State Council, China's cabinet, approved the guidelines drafted by the National Development and Reform Commission for this year's action plan, calling 2015 "a crucial year for deepening reform." "More focus will be placed on promoting financial reforms to push forward the development of the real economy", the statement said. With the ultimate goal of restructuring the economy to boost consumption at the expense of exports and investment, Beijing has remained focused on a range of reforms, including freeing up the workforce to liberalizing China's nascent financial market. The document, which contained few detailed measures, appeared to be more of a broad-strokes outline of the areas which the government was targeting for reform rather than a set of specific policy steps, Reuters says. Specific areas targeted for reform included state enterprises, taxation, the Shenzhen Hong Kong stock connect, deposit rates, the initial public offering system, and boosting the global status of the yuan among others. Photo: AFP Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |