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VI Gaidar Forum: Russia will benefit from economic and legal reforms in China

The VI Gaidar Forum "Russia and the World: A New Vector" has started today. The event is annually organized by the Institute for Economic Policy named after E.T. Gaidar and the Russian Academy of National Economy and Public Administration under the President of the Russian Federation.

The forum is attended by Deputy Ministers of the Russian Federation for the Development of the Far East Kirill Stepanov, Oleg Skufinsky and Maxim Shereykin. They will participate in the work of discussion platforms, as well as discuss with experts their assessments of the work of the Ministry for the Development of the Far East, according to the official website of the Ministry for the Development of the Russian Far East.

The first event within the framework of the VI Gaidar Forum was the expert round table "Chinese reforms: a challenge for Russia and the world."

This is the most ambitious liberal transformation in 25 years - the reform project adopted in November 2013 by the Chinese Communist Party. According to this project, by 2020 the monopolies of state-owned companies in the PRC will be dismantled and its economy will become completely market-based. The forum participants discussed the possible consequences of the successful implementation of the reforms in the PRC.

As Gordon Orr emphasized, the leaders of state organizations face conflicting tasks, namely, increasing production and reducing environmental pollution, and this is despite the fact that highly qualified specialists are going to work there reluctantly. "While private companies have access to capital, there is help in the development of new sectors of the economy," "explained Gordon Orr.

Cheung Kong Xiang Bin, the dean of the Graduate School of Business, specified that Russia and China at this stage of development have similar difficulties. “If we follow the old patterns, then there will be no opportunity to develop the private sector. Now it is necessary to give more opportunities to the private sector than to the public sector, it already has a higher status ", said the scientist.

Experts came to the conclusion that the Russian side in turn will benefit from economic and legal reforms in China, since in addition to the organization of the first order, which already successfully work in the Russian market, the Russian economy will be replenished by Chinese companies of the second order.

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