Recently, Sichuan Provincial People’s Government has released notices specifying the concentrations of deepening economic reform from 8 aspects and especially highlighting to enlarge the strengthen on supply-front structural reform in order to accelerate the formation of institutional innovation advantageous for creating new supply and releasing new needs.

　　These 8 aspects include enhancing innovation driving development mechanism and systems, improving the mechanisms for overcapacity reduction, inventory reduction, deleveraging, and cost reduction, prudently promoting the reform for state-owned assets and state-owned enterprises, promoting agricultural and rural mechanism and reform as well as new type of urbanization, deepening the reform of taxation and local financial system, accelerating to establish win-win and beneficial opening economic system, deepening the reform in livelihood and social sectors, and promoting the reform of ecological civilization system and so on.

　　Contrasting with the reform lists of previous years, the reform list for 2016 has 3 outstanding features.

　　Improving innovation driving development mechanism has been placed in priority. There are two aspects including comprehensively promoting innovation and reform trial and implementing and improving universal beneficial policies for innovation and entrepreneurship concerning 10 reform parts, such as establishing military-civilian integration reform and innovation leading systems and working schemes involving “provincial government, military parts and ministries”, releasing guiding opinions for deepening talent development mechanism reform in order to promote innovation and reform driving development. All of these are the timely responses and active implementation for Sichuan to systematically promote comprehensive innovation and reform trial, namely “No. 1 Project”.

　　The supply-front structural reform has the largest scale. Sichuan increases new specifications including improving the mechanisms for overcapacity reduction, inventory reduction, deleveraging, and cost reduction with a total of 22 parts, involving establishing long-term mechanism for overcapacity reduction, improving the mechanism for inventory reduction, improving deleveraging mechanism, intensifying the reform of government streamlining, promoting business system reform, deepening price reform, innovating financial investment management and mechanism and so on, which conform to the comprehensive requirements for reform, highlight supply-front structural reform, and promote the prudent leap from lower level supply and demand balance to high level balance.

　　The reform list is more specific and detailed. The categories are the same as that of 2015. While the list for 2016 has more detailed contents and wider coverage with a total of 94 parts, increasing 23 parts. Comprehensively speaking, accelerating, enlarging, improving and deepening are 4 key words. Reform has more precise and comprehensive highlights. For example, the new list has specified deepening enterprise reform into concentrating on reform for state-owned assets and enterprises, and improving rural and urban integrated development mechanism into promoting rural and agricultural structural reform and new type urbanization. Moreover, reform for livelihood has been increased in social sector institutional reform. While the requirements for ecological civilization construction have been changed from “constructing and improving” into “deeply promoting”.

　　Sichuan’s 2016 reform list has not only concentrated on supply-front structural reform, but also highlight on the systems and integration of reform, encouraging the combination of innovation and strengthening comprehensive guidance, and the supervision, assessment, implementation and effects for these reform measures. Therefore, Sichuan will establish the linkage mechanism of major reform departments in order to avoid single fighting and fragment, endow the trial rights for grassroots in accordance with law, allow different places to conduct differentiation exploration, and establish fault tolerance and correction mechanism. Besides, Sichuan will also highlight question orientation, specify reform responsibilities and time limit, strengthen supervision and assessment, and ensure that these reform measures could be implemented and work effectively.