Professional Documents
Culture Documents
CONTENTS
Contents
PUBLIC AND CORPORATE GOVERNANCE 34
Strengthening regulatory policy
35
Enhancing budgeting and public expenditure efficiency
36
Improving tax transparency and compliance
37
Fighting transnational corruption
38
Enhancing public sector integrity
39
Raising the bar on corporate governance and SOEs
40
EMPLOYMENT AND SOCIAL DEVELOPMENT 41
Seeking best practices of social and health policies
42
Improving the labour market prospects of youth
44
Supporting SME development and strengthening local skills 45
Fostering skills through education and training
46
INDUSTRY AND INNOVATION 48
Building a knowledge economy
49
Restructuring in the shipbuilding and steel sectors
51
Meeting transport infrastructure needs
52
Enhancing chemical safety
54
ENVIRONMENT AND ENERGY 56
Towards a cleaner and healthier environment
57
Combating climate change
58
Improving water management
59
Providing affordable and clean energy
60
Developing clean and safe nuclear power
61
ANNEXES 62
Chinas adherence to OECD instruments
62
Chinas participation in OECD bodies
63
Dialogue and data
64
CONTENTS . 1
While celebrating the 20th anniversary of co-operation, China and the OECD achieved new
consensus and outcomes during my visit on strengthening policy dialogues, communication
and co-operation, sending a signal to the rest of the world that China and the OECD share the
same vision of focusing on development for prosperity.
Chinese Premier LI Keqiang
2 . ACTIVE WITH THE PEOPLES REPUBLIC OF CHINA
OECD Secretary-General
Angel Gurra and
Chinese Vice Premier
WANG Yang discuss the
OECD-China partnership
and review the 20th
Anniversary brochure.
4
I truly believe the future development of China will not only call
for more co-operation with the OECD, but will also create new
opportunities for both sides to collaborate. () The 20th anniversary
marks both a milestone and a new starting point for an even higher
level of co-operation between China and the OECD and I wish it even
greater success in the years to come!
LIU He, Minister, Office of the Central Leading Group on Financial and Economic
Affairs (excerpt from OECD-CHINA 20th anniversary brochure)
Premier LI Keqiang
delivering a keynote
address at OECD
headquarters during his
official visit in July 2015.
Family photo of the G20 Finance Ministers and Central Bank Governors Meeting, 27 February 2016, Shanghai.
8 . ACTIVE WITH THE PEOPLES REPUBLIC OF CHINA
China. China has been strongly engaged with the OECD to support
the G20 in tackling tax evasion and improving tax transparency.
It has played a leading role in key OECD/G20 initiatives such as
the Base Erosion and Profit Shifting (BEPS) project, in which China
participates on an equal footing with OECD Member countries, and
has endorsed several important instruments such as the OECD
Declaration on Automatic Exchange of Information (AEOI), which
commits countries to implement the new single global standard
on automatic exchange of information endorsed by G20 Finance
Ministers in February 2014. China has also conveyed strong interest
in the OECDs innovative work on trade in value-added, GVCs
and services trade. More recently, China invited the OECD to be a
member of the peer review team of its fossil fuel subsidies exercise,
carried out under the G20 in 2015.
The Chinese G20 Presidency in 2016 represents a breakthrough
opportunity for the OECD to consolidate its engagement with
China on many key policy issues, including Chinas priorities
to promote an Innovative, Invigorated, Interconnected and
Inclusive World Economy. The OECDs expertise on innovation,
the digital economy and the new production revolution will
help the G20 maximise the contribution of technological and
ICT innovations to inclusive productivity and growth. The
Organisation is taking the lead in providing the analytical basis
and the policy options for a G20s reinvigorated structural reform
agenda and to support Chinas ambitious international trade
and investment agenda in the newly established G20 Trade and
Investment Working Group. The OECD is also partnering with
the G20 Presidency to ensure an inclusive and comprehensive
implementation of the G20/OECD BEPS project and of the
new AEoI standards. Furthermore, China will also rely on the
OECDs expertise to support its priorities in other areas, such as
development, green and climate finance, energy, employment and
anticorruption. These avenues of co-operation provide the OECD
with an opportunity to demonstrate the wide coverage of its tools
that are of particular relevance to the Chinese G20 agenda. A joint
OECD/China G20 Skills Development Programme developed
THE OECD AND CHINA . 9
www.oecd.org/g20
OECD Secretary-General
Angel Gurra and
Chinese Minister of
Finance LOU Jiwei
jointly launched the 2016
OECD Going for Growth
report during the G20
Finance Ministers and
Central Bank Governors
Meeting, 26 February
2016, Shanghai.
10 . ACTIVE WITH THE PEOPLES REPUBLIC OF CHINA
Minister of Foreign Affairs WANG Yi with Angel Gurra, Secretary-General of the OECD during the signing of the MOU for the OECD China Skills Development Programme,
July 2015, Paris.
THE OECD AND CHINA . 13
Over the last 20 years, OECD has been strengthening and shaping a common and
mutually beneficial agenda with China, in the national and multilateral context.
Last year, Prime Minister LI Keqiang made a historic visit to the OECD, a Joint Work
Programme was established, implementing our ambitious Framework Agreement, and
China joined the Development Centre. This year, OECD will be working with the Chinese
G20 Presidency to further develop, at a global level, better policies for better lives in several
areas, including green growth, sustainable development and better investment climate for
jobs and growth.
Paulo Vizeu Pinheiro, Ambassador of Portugal to the OECD
Chair of the External Relations Committee
The OECDs Global Relations Strategy seeks to make the Organisation a more effective and
inclusive global policy network, through close co-operation with China and other partners.
Building on 20 years of mutually beneficial co-operation, the OECD and China signed a joint
Programme of Work for 2015-2016, in the presence of Premier LI Keqiang. This Programme
will deepen our engagement in a broad range of policy areas where Chinas perspectives
will enrich the global policy debates at the OECD, and will contribute to the development of
global rules. Our collaboration in important intergovernmental processes such as APEC and
G20 also offers new opportunities to strengthen joint work on global governance.
Marcos Bonturi, OECD Director of Global Relations
SUSTAINABLE GROWTH
SUSTAINABLE,
BALANCED
AND INCLUSIVE
GROWTH
2017.
www.oecd.org/eco
www.oecd.org/eco/growth/goingforgrowth.htm
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SUSTAINABLE GROWTH
Enhancing Chinas
economic partnerships
Chinas growing impact on developing countries has been at
the core of the OECDs regional economic outlooks on Africa,
Latin America and Southeast Asia.
The African Economic Outlook is a joint product of the African
Development Bank, UNDP and the OECD Development Centre.
It is discussed annually with Chinese and international
stakeholders in Beijing, and assesses the economic and
social performance of the continent and its 54 countries.
The 2015 edition focusses on rural development and spatial
inclusion, featuring analysis on the success and applicability of
Chinas economic corridors policy for African countries rural
development strategies.
The Latin American Economic Outlook, jointly produced with
the Development Bank of Latin America (CAF) and the
United Nations Commission for Latin America, has been
translated into Chinese since 2009. The report is presented each
year at an annual conference organised by the CAF and the
Chinese Academy of Social Sciences (CASS). The 2016 edition,
www.oecd.org/dev
www.africaneconomicoutlook.org/en
www.latameconomy.org/en/outlook
www.oecd.org/site/seao
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www.oecd.org/inclusive-growth
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SUSTAINABLE GROWTH
Greening growth
www.oecd.org/greengrowth
www.oecd.org/greengrowth/asia.htm
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www.oecd.org/corporate/mne
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SUSTAINABLE GROWTH
www.oecd.org/gov/ruraldevelopment
www.oecd.org/gov/cities
databases.
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www.oecd.org/agriculture
www.oecd.org/agriculture/code
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SUSTAINABLE GROWTH
Better data
for better policies
The OECD maintains comprehensive databases of internationally
comparable statistics to support its analytical and policy work
and countries policy making process. The Organisation also
develops and promotes international statistical standards
and coordinates statistical activities with other International
Organisations.
For over a decade, China has been included in some of the most
high profile and important OECD databases. These include a
range of short term economic statistics, for instance, international
trade, monthly financial statistics such as monetary aggregates
and interest rates, balance of payments, production indices, and
prices. These frequently consulted statistics provide an overview
and comparison of recent international economic developments
and are used in the modelling of the business cycle. Additionally,
China has been included in the National Accounts databases,
and since 2012 its quarterly GDP in volume terms have also been
included. The OECD Factbook, an extensive, annual compilation
of economic, environmental and social statistics, features a
growing range of Chinese statistics covering a widening selection
of statistical topics. Our co-operation on statistics was also
reflected in OECDs work on social development. Officials from the
Development Research Centre of the State Council participated
through secondment and worked closely on the OECD Better
Life Initiative. In 2015, the OECD flagship publication Hows Life?
Measuring Well-being included data of China, which has enriched
the evidence-based analysis and policy discussion at the OECD.
A crucial element of the deeper engagement between the OECD
and China is the development of the full range of standardised,
comprehensive statistical indicators as the basis for making
meaningful international comparisons between China and OECD
partner countries. To this end, a technical dialogue with Chinas
National Bureau of Statistics (NBS) has been ongoing since 1996,
in particular in the area of National Accounts, and in March
2015 a Memorandum of Understanding was signed to frame
future co-operation. While pursuing contacts with NBS to get
estimates from the Integrated Household Survey based on OECDspecifications, the OECD computes estimates based on micro-data
from the China Family Panel Studies, an annual longitudinal
survey of Chinese families and individuals launched in 2010 by
the Institute of Social Science Survey (ISSS) of Peking University.
Analysis of data comparability and consistency is ongoing; the
results could be useful to inform policy design and decisions.
Playing a leading role in policy areas of international trade in
value added (TiVA) and global value chains, the OECD works in
close collaboration with China to develop a TiVA database for the
APEC region.
With the support of the Ford Foundation, the OECD is currently
developing a set of pertinent and comparable indicators in the
area of income inequality for emerging economies, including
China, which will be integrated into the OECD Income Distribution
Database.
www.oecd.org/std
www.oecd.org/statistics/howslife.htm
http://stats.oecd.org/Index.aspx
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www.oecd.org/dac
www.oecd.org/dac/dac-global-relations/china-dac-study-group
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FUNCTIONING MARKETS
EFFICIENT
FUNCTIONING
OF MARKETS
EFFICIENT FUNCTIONING OF MARKETS . 27
Enhancing co-operation
on international investment
International investment has played an important role in
Chinas successful integration in the global economy. China
is now a major investor abroad, especially in developing
regions. As such, China has a strong interest in an open, fair
and rules-based international investment regime.
The OECD promotes investment policy reform and co-operation
on international investment to foster wellbeing, prosperity
and sustainable development. In particular, the OECD
monitors investment protectionism in the context of the G20,
produces statistics on foreign direct investments, and develops
international instruments and tools which are used worldwide,
such as the Declaration on International Investment and
Multinational Enterprises, the Codes of Liberalisation
of Capital Movements, the Due Diligence Guidance for
Responsible Supply Chains of Minerals from Conflict-Affected
and High-Risk Areas, and the Policy Framework for Investment
(PFI). Through the Freedom of Investment Roundtable (FOI)
hosted by the OECD, governments exchange information and
experiences on a broad range of investment policies, including,
for example, international investment law, the investor-state
dispute settlement system, or recipient countries policies
towards sovereign wealth funds.
The OECD 2016 Better Policies Series brochure on China focuses
on investment policies, describes the main policy issues China
is facing in its efforts to raise the efficiency and the quality of
its inward and outward investment and proposes ways that the
OECD instruments, experience and range of analytical tools
may assist China in performing this endeavour.It examines how
the macro-economic policy framework impacts investment
and, discusses measures for market functioning, focusing on
financial sector reform, capital account opening, regulatory
reform to enhance the framework conditions for domestic
and foreign private investment and reform of the state-owned
enterprises sector. The input also looks into the mainstreaming
of responsible business conduct and the greening of
28 . ACTIVE WITH THE PEOPLES REPUBLIC OF CHINA
www.oecd.org/daf/investment
FUNCTIONING MARKETS
www.oecd.org/trade
www.oecd.org/sti/ind/global-value-chains.htm
www.oecd.org/sti/ind/measuringtradeinvalue-addedanoecdwtojointinitiative.htm
www.oecd.org/dev/global-value-chains.htm
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Promoting sound
competition
The OECD works with China to break down barriers to rulesbased competition and ensure consumers can benefit from
economic growth.
In order to promote sound competition principles and build
mutual understanding and cross-border convergence, the OECD
has developed international best practices on co-operation
between competition enforcers, on hard core cartels, and on
assessment of government policies for anti-competitive effects.
The OECD Competition Assessment Toolkit provides a checklist
for policy makers to review laws and regulations that could
restrain competition. The Operational Manual for Competition
Assessment, available in 2015, provides a step-by-step guide
for performing competition assessments. The OECD has also
developed Guidelines for Fighting Bid Rigging in Public
Procurement to assist governments in raising awareness of the
risks and costs of collusion in public procurement.
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www.oecd.org/competition
FUNCTIONING MARKETS
Developing a robust
financial system
The OECD promotes efficient, open, stable and sound
market-oriented financial systems, based on high levels
of transparency, confidence and integrity. It monitors and
surveys current market developments and structural changes,
publishing its key findings in the OECD Business and Finance
Outlook and the OECD Journal Financial Market Trends.
The OECD also assesses and develops reform measures related
to banking, securities, capital market reforms, institutional
investors (in particular, insurance companies and private
pension schemes), long-term investment (ranging from
infrastructure to SME financing), green finance and growth, as
well as financial consumer protection and financial education.
In addition, it facilitates policy dialogue and exchange of
experiences in these areas.
www.oecd.org/daf/fin
Improving financial
education
China needs to enhance access to and use of financial services
for its citizens. Investor education also could be improved to
promote better investment. The OECDs best practices and
its range of tools can support Chinas effort in developing a
national framework to promote effective financial inclusion
and stability.
The OECD formulates recommendations through the
International Network on Financial Education (INFE) and
through its participation in the work of the G20. Established
in 2008, the OECD/INFE brings together public experts from
more than 270 public institutions and 107 economies to
undertake analytical work and develop good practices. The
network currently focuses on a wide range of topics including
the development of financial education for micro, small and
medium-sized enterprises, and support for current and future
users of digital financial services. China has a strong presence
in this network. Official members include the Peoples Bank
of China, the China Banking Regulatory Commission, and the
China Institute for Educational Finance Research.
www.oecd.org/finance/financial-education
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FUNCTIONING MARKETS
Implementing effective
consumer policy
The OECD helps governments, including China, design
effective consumer policies to support the development of
efficient, transparent and fair global markets for consumers.
In 2014, the OECD adopted a Recommendation of the Council
on Consumer Policy Decision Making, which provides a
framework for assessing consumer problems and developing
effective policy responses. The recommendation draws on
governments experiences in using the OECD Consumer Policy
Toolkit, developed in 2010. Work in this area also focuses on
e-commerce and product safety. In the field of e-commerce,
policy guidance was finalised in 2014 that addresses issues in
www.oecd.org/sti/consumer-policy
www.oecd.org/sti/consumer/consumer-product-safety.htm
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PUBLIC AND
CORPORATE
GOVERNANCE
34 . ACTIVE WITH THE PEOPLES REPUBLIC OF CHINA
GOVERNANCE
Strengthening regulatory
governance
The OECD provides its Member and Partner countries with
evidence-based research, globally recognised instruments
and inclusive initiatives to strengthen regulatory governance.
Through the Guiding Principles for Regulatory Quality and
Performance and the APEC-OECD Integrated Checklist on Regulatory
Reform, the OECD helps its Member and partner countries to
design and implement regulations to enhance the functioning of
markets, protect health, safety and environment, deregulate when
appropriate and encourage more open competition.
While China has made enormous progress in developing
a modern legal and regulatory foundation for a market
economy, important challenges remain. These include further
clarification of the scope of state ownership, reform of relations
among central and local governments to ensure greater policy
coherence, firmer establishment of the rule of law, and the
strengthening of regulatory institutions and processes.
www.oecd.org/gov/regref
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www.oecd.org/gov/budgeting
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GOVERNANCE
www.oecd.org/taxation
www.oecd.org/tax/globalrelations
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Fighting transnational
corruption
Effectively combating transnational bribery can enhance
Chinas fast growing outbound investment. China would
benefit tremendously from joining its economic peers in the
fight against international bribery as a Party to the AntiBribery Convention.
The Anti-Bribery Convention is the keystone of international
anti-bribery efforts. Accession to the Convention would enhance
Chinas enforcement of transnational bribery and facilitate
stronger international co-operation in these cases. China would
also directly contribute to international standards and policy
making, and actively participate in monitoring implementation
of these standards by its trade and investment partners and
competitors. The Convention helps countries to advance
antibribery as a matter of transnational public policy and to
enhance trust in the global economy, public institutions and
private industries.
www.oecd.org/daf/anti-bribery
www.oecd.org/site/adboecdanti-corruptioninitiative
www.oecd.org/corruption
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GOVERNANCE
www.oecd.org/gov/ethics
www.oecd.org/daf/corporateaffairs
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SOCIAL DEVELOPMENT
EMPLOYMENT
AND SOCIAL
DEVELOPMENT
EMPLOYMENT AND SOCIAL DEVELOPMENT . 41
PENSIONS
China is facing considerable
socioeconomic and demographic shifts
that call for continued pension reforms
to offer greater protection to citizens
while keeping costs in check.
www.oecd.org/els/social/pensions
www.oecd.org/els/social/
indicators/asia
www.oecd.org/gender/equality
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SOCIAL DEVELOPMENT
HEALTH
China is entering a crucial phase in which
unprecedented accomplishments, as
the achievement of universal healthcare
coverage, should be further strengthened
and supported to secure high quality
services and value for money. The Chinese
healthcare system should also be prepared
to address the changing needs of an ageing population.
The OECD monitors health system performance through
indicators on health status, health care resources and quality
of care in OECD and Asia/Pacific economies. It collects data on
expenditure and financing, and develops innovative approaches
to produce health expenditure projections that take into
account aging, morbidity and medical technology. It advises
countries on policies to prevent disease and improve healthsystem efficiency through care co-ordination and strengthening
of community care. The OECD also helps countries design
pharmaceutical policies and address future health workforce
and long-term care needs of an ageing population.
The OECD is increasing its reach to China and other countries in
the region. Much of this effort has been conducted through the
Korea Policy Centre, which organises meetings and workshops
to exchange policy experience between China and the region to
promote the use of health expenditure data and foster quality
improvement programmes. The results of the survey Evaluating
Quality Strategies in Asia-Pacific Countries provide a useful
overview of strategies and policies to improve the quality of
health care, and show increasing commitment to quality of care
in the Asia/Pacific region. The 2015 edition of Health at a Glance
presents a set of key indicators on health and health systems
for OECD Member and Partner countries, including China. The
2014 edition of Health at a Glance: Asia/Pacific presents indicators
on health systems for 27 Asia/Pacific economies and shows
notably that Chinas per capita health expenditure is still lower
www.oecd.org/health
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www.oecd.org/els
www.oecd.org/g20/topics/employment-and-social-policy
SOCIAL DEVELOPMENT
www.oecd.org/cfe/leed/employmentesssa.htm
www.oecd.org/g20/topics/employment-and-social-policy/
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46
SOCIAL DEVELOPMENT
www.oecd.org/education
China follows the principle of promoting educational reform
through opening up and advancing educational development
through reform. We are willing to have enhanced exchange and cooperation with OECD, draw reference from its advanced educational
concept, models and evaluation methods, and keep advancing and
improving Chinas education through innovation.
YUAN Guiren, Minister of Education
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INDUSTRY AND
INNOVATION
Building a knowledge
economy
The OECD provides evidence-based policy advice on the
contribution of science, technology and innovation to wellbeing and economic growth. China is presently implementing
its mid-term and long-term strategy (MLS) to become an
innovation-based economy by 2020, and to enhance its
participation in global value chains (GVCs). The OECD is
working closely with China to develop policies in these areas.
For more than a decade, China has been an active Participant
in the work of the OECD Committee for Scientific and
Technological Policy, and has worked with the OECD in projects
on GVCs and knowledge-based capital (KBC). In late 2015, China
adopted the OECD Daejeon Ministerial Declaration on Science,
Technology and Innovation Policies for the Global and Digital
Age. It also actively participated in the Global Science Forums
work on International Research Infrastructures, including
hosting a meeting at the Institute of High Energy Physics of the
Chinese Academy of Sciences in May 2015. A seconded official
from the Ministry of Science and Technology (MOST) has been
supporting OECD work on research infrastructures, as well
as on the OECD the Next Production Revolution. Following a
long tradition of co-operation with the OECD on Science and
Technology indicators work, China will translate the 7th revised
edition of the OECD Frascati Manual (2015) into Chinese.
for sustainable growth and jobs. This work will look at the
potential impact of new technologies on sustainable production
and business dynamics, and has clear relevance for Chinas
evolving role in GVCs, with potential contributions to Chinas
G20 Presidency in 2016.
Signing ceremony of the co-operation MOU between the OECD and the Cyberspace
Administration of China, 17 December 2015, Wuzhen.
www.oecd.org/sti/stpolicy
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www.oecd.org/sti/steel
www.oecd.org/sti/ind/shipbuilding.htm
Meeting transport
infrastructure needs
In November 2011, China became the 53rd member of the
International Transport Forum (ITF), an intergovernmental
organisation based at the OECD that helps shape the
transport policy agenda at a global level.
China has been participating at Vice-Ministerial level in the
ITF Annual Summits in Leipzig, Germany since 2009, and is
invited to participate in the 2016 Summit, which will focus on
green and inclusive transport. In the past, the ITF welcomed
two secondees from Chinas Ministry of Transport (MOT). The
ITF 2014 Young Researcher of the Year Award winner was a
Chinese national, whose paper focused on applying recent
economic developments on congestion mitigation in Beijing.
In September 2014, the ITF chaired a panel on the logistics
integration of air cargo facilitation at the ICAO China Air
Cargo Development Forum in Zhengzhou. This provided an
opportunity to discuss issues related to air freight and trade
facilitation issues in China.
www.itf-oecd.org
DAI Dongchang, Acting Vice Minister and CPC Leadership Member of the Ministry
of Transport, China in discussion at the Opening Plenary: Transport, Trade and
Tourism: Mobility for a connected world taking place during the International
Transport Forums 2015 Summit on Transport, Trade and Tourism in Leipzig, Germany
on 27 May 2015.
INDUSTRY AND INNOVATION . 53
Enhancing chemical
safety
MUTUAL ACCEPTANCE OF DATA (MAD)
The OECD supports its Members and
non-Members, including China, in
protecting human health and the
environment by improving chemical
safety, making chemical control policies
more transparent and efficient, saving
resources for government and industry,
and preventing unnecessary distortions in the trade of
chemicals and chemical products.
NANOMATERIALS AND
BIOTECHNOLOGY
OECD Members are currently working
together with the European Commission
and China, as well as the business and
industry sectors, to assess the safety
of nine manufactured nanomaterials
which are either currently present on the
market or expected to be used in products in the near future.
China contributes to OECDs work on iron nanoparticles.
www.oecd.org/env/nanosafety
www.oecd.org/ehs/mad
PESTICIDES
China is active in the OECD Pesticides
Programme, which helps governments
co-operate in assessing and reducing the
risks of agricultural pesticides.
In particular, China has translated into
Chinese the OECD Test Guidelines on
Pesticide Residues, and is disseminating and promoting the
use of the Guidelines in the country. China is also working
to establish a framework to improve co-operation among
governments on fighting international trade of counterfeit
pesticides.
www.oecd.org/env/pesticides
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ENVIRONMENT
AND ENERGY
56 . ACTIVE WITH THE PEOPLES REPUBLIC OF CHINA
www.oecd.org/environment
We appreciate the OECDs contributions to strengthening and
improving Chinas resources and environment management, and we
expect that the OECD will continue to provide support to China in
moving toward green development.
extracted from the Environmental Performance
Reviews: Mid-Term Progress Report: China
(document prepared by the Chinese authorities)
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Combating
climate change
China is scaling up its efforts to address the major challenge
of reducing its greenhouse gas emissions and lowering
its vulnerability to the impacts of climate change, while
simultaneously ensuring strong economic growth. China
can benefit from OECDs espertise and best practices on
mobilising green investment, monitoring adaptation and
aligning policies.
In the process of the COP 21 which took place in December
2015 in Paris, the OECD committed to helping its Members
and partner countries obtain a comprehensive picture of their
performance on climate change. The OECD has mainstreamed
climate change into its Economic Surveys, including for China.
A recent report, Climate Change Mitigation: policies and
progress, provides an overview of current policies to reduce
greenhouse gas (GHG) emissions in all OECD member
countries and 10 partner economies, including China. The
study examines recent developments in carbon pricing
instruments such as energy and carbon taxation and
emissions trading systems, as well as fossil fuel support
reforms. It also reviews key domestic policy settings in the
energy and non-energy sectors (agriculture, forestry, industry
and waste).
Another major challenge is shifting and scaling up investment
in green infrastructure. The OECD is assisting countries in
their efforts to find lasting solutions to finance action against
climate change, and to improve the quantity and performance
of such finance over time. In this regard, the OECD has carried
out work in two specific areas: green investment banks
and green bonds. The OECD report Green Investment Banks:
Scaling up private Investment in low-carbon, climate -resilient
Infrastructure (released in April 2016) describes how national
and sub-national governments have created public green
investment banks (GIBs) and GIB-like entities to leverage the
impact of relatively limited public resources and facilitate
investment in areas such as commercial and residential
58 . ACTIVE WITH THE PEOPLES REPUBLIC OF CHINA
www.oecd.org/env/cc
Improving water
management
The OECD Horizontal Water Programme promotes the
design and implementation of integrated water policies that
contribute to peoples health and green growth.
The Programme aims to strengthen institutional and regulatory
frameworks and co-ordination among stakeholders involved
in the design and implementation at different levels of
government, while providing guidance for effective public action
in water policy and assessing governance arrangements. It
emphasises the economic dimension of water management and
the use of economic instruments to allocate water where it is
most needed.
In recent years, co-operation has been established between the
OECD and Chinas Ministry of Water Resources. The Minister for
Water Resources, Mr. Chen Lei, is a member of both the Global
Dialogue on Water Security for Sustainable Growth, a joint
initiative by the OECD and the Global Water Partnership, and
the High-Level Panel on Infrastructure Financing for a Water
Secure World, a joint initiative by the OECD and the World
Water Council.
www.oecd.org/water
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THE REPORTS
Annexes
l D
eclaration on Automatic Exchange of Information in Tax
l M
ultilateral Convention on Mutual Administrative Assistance in
(since 2004)
l Declaration
on International Science and Technology
ANNEXES
2015)
l International Transport Forum and Joint OECD/ITF Transport
(Tokyo Roundtable)
l O
ECD-Asian Roundtable on Corporate Governance
l A
DB/OECD Anti-Corruption Initiative for the Asia-Pacific
l A
PEC/OECD Cooperative Initiative Regulatory Reform
l N
etwork of Senior Budget Officials for Asia
l O
ECD/ADBI Roundtable on Labour Migration in Asia
l O
ECD Employment and Skills Strategies in Southeast Asia
(ESSSA)
l O
ECD Development Centre-AMRO Joint Asian Regional
Associate in:
l W
orking Party No. 10 on Exchange of Information and Tax
Roundtable
China is also an Association Country of the International
Energy Agency (since 2015)
l P
roject on Base Erosion and Profit Shifting (since 2013)
Participant in:
l P
rogramme for International Student Assessment (since 2006)
l C
ommittee on Fiscal Affairs and its subsidiary bodies (since
2004)
l C
ommittee for Scientific and Technological Policy and its
ANNEXES . 63
www.oecd.org/china
March 2016