Full Text: Report on China's economic, social development plan(20)

6) We will continue to deepen reforms in pharmaceutical and health care systems. We will formulate and implement the plan for deepening the reform of pharmaceutical and health care systems in the Twelfth Five-Year Plan period. We will improve the national basic medical insurance system, and keep participation rates in the basic medical insurance schemes for working and non-working urban residents and the new type of rural cooperative medical care system all at 95% in 2012. We will further increase government subsidies for the basic medical insurance scheme for non-working urban residents and the new type of rural cooperative medical care system. We will explore ways to establish a social security mechanism against major and critical diseases and actively develop commercial health insurance. We will push forward the reform of public hospitals with county-level hospitals as the priority, and deepen the comprehensive reform of community-based medical and health care institutions. We will accelerate the development of a general practitioner system. We will consolidate and improve the basic drug system, and implement the policy of centralized purchase of basic drugs and multiple sources of compensation for medical institutions.

7) We will accelerate reform of the fiscal and financial systems. We will increase the size and proportion of general transfer payments and better ensure funding for county-level governments. We will improve the management system for budget compilation and implementation. We will advance the trial of replacing the business tax with VAT and expand the trial as appropriate. We will rationally adjust the scope of collection and rate structure of sales tax; deepen the reform of resource taxes and levy price-based taxes on more resources; and study and formulate a reform plan for taxes on home ownership and the transfer of ownership. We will develop financial institutions to serve small and micro enterprises as well as agriculture, rural areas and farmers in light of actual conditions; make innovations in services; guide large and medium-sized banks in extending their service networks; and standardize development of micro-credit companies and county banks. We will deepen market-based reform of interest rates and reform of the RMB exchange rate regime. We will steadily make the RMB convertible for capital accounts in an orderly manner, and expand the use of the RMB in cross-border trade and investment. We will promote sound development of multilevel capital markets, improve the bonus system in joint-stock enterprises, especially listed companies, and stabilize and enhance market confidence. We will strengthen and improve financial supervision and regulation and effectively prevent and promptly dissolve potential financial risks.

8) We will deepen rural reforms. We will stabilize and improve the rural land contract relationships; steadily extend trials for registering contracted rural land-use rights; guide transfers of land-use rights which are legal, voluntary and compensated, in a standardized, orderly manner; and strengthen management of and services for these transfers. We will improve the system for construction and management of water conservancy projects. We will continue to advance comprehensive rural reforms, deepen the reform of tenure in collective forests, stabilize and improve the system in which pastureland is contracted out to individual households, and promote the reform of state-owned farms, forestry farms and forest regions.