Goal of necessary reform and transformation should be a lighter, more balanced hand on the market and society

Whether or not China can make some breakthroughs, by transforming government functions to end the "big government" that exists at present, will determine its development prospects. The crux of this is changing the relationship between the government and the market and the relationship between government and society.

To begin with, the government must reform its growth-oriented development model and restore a rational relationship between itself and the market. The market, not the government, should play the leading role in the economy.