Sensitive and reliable price signals play an important role in guiding the efficient allocation of factors, promoting the balance between supply and demand, and so. The Opinions on Perfecting the Mechanism of Price Governance (hereinafter referred to as the Opinions) issued by the General Office of the Central Committee of the Party of China and the General Office of the State Council is an important measure to implement the spirit of the Third Plenary Session of the 20th Central Committee of the Communist of China, deepen economic system reform, and promote high-quality development.
China's economy has shifted from a stage of high-speed growth to a stage of-quality development. In this critical period of transforming the mode of development, optimizing the economic structure, and transforming the driving force of growth, there is an urgent need to further deep the reform of marketization of prices, improve the ability of price governance, strengthen the guiding role of price signals, and promote the quality, efficiency, and power changes in economic.
Perfecting the price governance mechanism is an inevitable requirement for deepening the reform of marketization of prices and improving the total factor productivity. Sensitive and reliable price are the foundation for fully playing the decisive role of the market in the allocation of resources and further improving the efficiency of resource allocation. Perfecting the price governance mechanism, promoting the better of effective markets and proactive governments, realizing the free flow of factor resources in a larger range, is conducive to stimulating the endogenous motivation and innovation vitality of the whole, fostering and developing new productive forces of a new quality, and improving the total factor productivity.