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The further reform of China bodes well for a better future for Chinese farmers and agriculture.

Nobel laureate and Yale University professor Robert Shiller was one of the first global economists to talk about the runaway risks in China's spiraling property prices, a matter that has been of considerable interest in China recently.

It is not too much to call 2013 the year of an anti-corruption storm.

To give the market a decisive role in the distribution of resources calls for the establishment of a market-dominated pricing mechanism and its improvement, so that the market can enjoy a free hand in deciding prices while undue interventions from the government can be reduced. As an important part of the factor market, interest and exchange rates are a determinant in the distribution of domestic resources, steadily pushing forward market-based interest and exchange rate reform will help China optimize and raise the efficiency of its distribution of funds, further strengthen the market's decisive role in the distribution of resources and accelerate the transformation of the country's economic development model and structural adjustments.

A relaxation in rural land use was the trailblazer for the country's reform and opening-up in the early 1980s, when a system of contacted responsibility linking remuneration to output spread among farmers. But villagers have been left far behind in the more than three decades of rapid economic growth since then.

Easing local governments' financial burden is the right way to curtail the governments' impulse to sell land, says an article of the 21st Century Business Herald.

As China's new leaders take the helm this week, they will inherit a job as challenging as it is enviable.

"If China has made such great progress, it is because the CPC rejected copying Western commercial institutions, creating instead a model that had a natural fit with Chinese experience and needs."

"Dysfunction of the current world financial system is so deep that the classic recipes do not work. The West cannot conduct strategies to resolve the economic crisis without the Chinese. "

The Chinese People's Political Consulta-tive Conference is already in session and the National People's Congress will convene on Tuesday.

Long-term planning and thoughtful design is needed for balanced development of small cities and the central and western regions.

When the National Development and Reform Commission, China's top economic planner, and five other government agencies issued guidelines in August on the establishment of a critical illness insurance system to cover urban and rural residents, hopes were raised that this would be a significant step toward more accessible and affordable healthcare.

The chances of students pursuing higher education have grown with the college admission rate reaching 80 percent. That's why the proposed change to the college entrance exam (gaokao) is no small matter. It wouldn't be exaggeration to say that it will have an impact on the lives of millions of Chinese families.

The role of local government must be changed so that they do not participate in competitive economic activity. Local budgets must also be strongly supervised.

The State Auditing Administration will audit local government debt but questions must be answered, especially how big the debt is and when will it be repaid.