Saturday, December 29, 2007

Chinese School - National Development and Reform Commission

BIZCHINA / Organizations

National Development and Reform Commission

(ndrc.gov.cn)
Updated: 2006-11-16 10:45

The National Development and Reform Commission (NDRC) is a macroeconomic
management agency under the State Council, which studies and formulates
policies for economic and social development, maintains a balance of
economic aggregates and guides the overall economic system restructuring.

The NDRC's predecessor was the State Planning Commission (SPC), which was
founded fifty-one years ago in 1952. The State Planning Commission was
renamed as the State Development Planning Commission (SDPC) in 1998.
After merging with the State Council Office for Restructuring the
Economic System (SCORES) and part of the State Economic and Trade
Commission (SETC) in 2003, the SDPC was restructured into the NDRC.

In the transition from the planned economy to a socialist market economy,
our commission persists in deepening reform, subscribing to new ideas,
transforming functions and giving full play to the fundamental role of
the market in allocating resources. Meanwhile we have been making
unremitting efforts to strengthen and improve macroeconomic management
and forcefully promoting the sustained, rapid and sound development of
the national economy.

The principal functions of the NDRC include:

1.To formulate and implement serategies for national economic and social
development,long-term plans,annual plans,industrial policies and price
policies;

2.To monitor and adjust the performance of the national economy,maintain
the balance of economic aggregates and optimize major economic structures;

3.To examine and approve major construction projests;

4.To guide and promote economic system restructuring;

5.To carry out strategic readjustment and upgrading of industrial
structure,coordinate the development of agriculture and rural economy and
guide the development of industry;

6.To formulate plans for the development of the energy sector and manage
national oil reserve;

7.To promote the sustainable development strategy,social development and
coordinated development of regional economy and implement the Western
Region Development Program;

8.To submit the plan for national economic and social development to the
National People`s Congress on behalf of the State Council in accordance
with the Constitution.

The NDRC has twenty-six functional departments, bureaus and offices with
an authorized staff size of 890 civil servants. After the restructuring,
the NDRC now exercises broader jurisdiction and undertakes more
challenging tasks and more important responsibilities. To live up to our
mission and perform duties assigned by the Communist Party of China and
the people, we will spare no effort to create a team of high-quality and
efficient civil servants and cultivate a unique commission culture that
can be summarized in the following words: "Safeguard the fundamental
interests of the people, give top priority to national interests, pursue
excellence and progress, seek truth from facts, adopt a perspective of
the overall situation, stress the importance of unity, think little of
fame and fortune and adhere to incorruptness".

The NDRC will as always be committed to deepening the reform and opening
up wider to the outside world and promoting development, actively engage
in extensive cooperation with government agencies and people from all
walks of life both at home and abroad and make our new contribution to
world economic development and the progress of the mankind.

(For more biz stories, please visit Industry Updates)

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