Saturday, March 08, 2014

China's National Development and Reform Commission Past Role Conflicts With President Xi's Vision

It’s been a tough year for the National Development and Reform Commission (NDRC). The Chinese government’s central economic planning ministry dominated economic policy-making in the Hu-Wen era, and came to epitomize the model of state capitalism associated with their decade in office. The organization’s approach to economic management, however, is in direct conflict with the vision laid out by Xi Jinping’s administration which has promised to give a “decisive” role to market forces. Much uncertainty remains over NDRC’s future although the organization shows signs of positioning itself for a new role as a macro-economic coordinator that is relevant to a more market-driven Chinese economy.

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