Mar­ket can help re­al­lo­cate re­sources

China Daily (USA) - - CHINA - By DU­JUAN

The govern­ment will play a ma­jor role in re­liev­ing of Bei­jing of its non-core func­tions, but it’s im­por­tant that the re­source al­lo­ca­tion func­tion of the mar­ket is uti­lized when low-end in­dus­tries are moved out of the city, said Lian Yum­ing, pres­i­dent of the Bei­jing In­ter­na­tional City De­vel­op­ment Re­search In­sti­tute.

“We have to ad­mit that the mar­ket is not ac­tive enough. It should fi­nally de­pend on the mar­ket to fully in­te­grate the func­tions of Bei­jing, Tian­jin and He­bei province to achieve sus­tain­able growth,” he said.

The govern­ment needs to make clear what will go and what will stay.

“Big and all” is the fun­da­men­tal prob­lem of Bei­jing, said Lian.

“The con­cen­tra­tion of high­qual­ity ed­u­ca­tion and med­i­cal re­sources, train­ing cen­ters and pub­lic ser­vice in­sti­tu­tions in the cen­ter of Bei­jing has re­sulted in an im­bal­ance be­tween the cen­ter and out­ter districts,” he said. “It’s im­por­tant that the city au­thor­ity re­struc­ture those func­tions ac­cord­ingly.”

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