Chinese official pledges decisive role for market

%3CP%3E%3CFONT%20face%3DVerdana%3EChinese%20Vice%20Premier%20Wang%20Yang%20on%20Monday%20vowed%20a%20decisive%20role%20for%20market%20forces%20in%20allocating%20resources%20while%20letting%20the%20government%20better%20serve%20its%20duty.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EWang%20made%20the%20remarks%20at%20a%20conference%20of%20the%20Standing%20Committee%20of%20the%2012th%20Chinese%20People%27s%20Political%20Consultative%20Conference%20%28CPPCC%29%20in%20Beijing.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHe%20said%20China%20has%20%22continuously%20broken%20away%20from%20the%20planned%20economy%20during%20the%20three%20decades%20of%20opening%20up%22%20and%20gradually%20used%20the%20%22invisible%20hand%22%20of%20market%20and%20%22visible%20hand%22%20of%20government%20to%20gain%20notable%20achievements.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20the%20new%20period%2C%20China%20must%20deepen%20reform%2C%20allow%20market%20forces%20to%20play%20a%20decisive%20role%20in%20allocating%20resources%20and%20let%20the%20government%20better%20serve%20its%20duty%2C%20he%20urged.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20will%20endeavor%20to%20build%20a%20mechanism%20that%20ensures%20the%20role%20of%20market%20and%20set%20up%20fair%2C%20open%20and%20transparent%20market%20regulations%2C%20according%20to%20Wang.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHe%20also%20called%20on%20local%20governments%20to%20transform%20functions%20to%20reduce%20administrative%20intervention%2C%20strengthen%20market%20supervision%2C%20guarantee%20fair%20competition%20and%20improve%20legal%20systems%20for%20the%20market%20economy.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28China.org.cn%29%3CBR%3E%3C/FONT%3E%3C/P%3E