Fostering and regulation of public domain

Fostering and regulation of public domain

Advanced and well-regulated public domain is the basis for the operation of modem market economy and the development of social economy. Since the reform and opening up of China, the private domain dominated by the market mechanism has been developing rapidly, and the under-development of the public domain has begun to appear. Under-development and non-standard nature of public domain has begun to restrict the improvement of market economic system and comprehensive and healthy development of social economy. Therefore, we shall vigorously foster and regulate public domain while continuing expanding and deepening private sector dominated by market mechanism.