Taking steps at the right time

Reforms will help China maintain a steady growth momentum in the long-term future

People notice. And it is not difficult to tell the difference between "to reform" and "not to reform". The flurry of reform proposals unveiled by the policymakers in China during the past few weeks has no doubt caught the attention of all concerned.

The State Council has rolled out a series of key reform measures after the economic data for the first six months of the year was released on July 15. Although most of the measures are targeted responses to shore up the flagging GDP growth rate, considering that the major economic indicator had edged toward the minimum during the first six months at a level that can be politically tolerated, they also come with fortified reform ingredients.