The National Development and Reform Commission
) (, or in short ), formerly State Planning Commission
and State Development Planning Commission
, is a macroeconomic
management agency under the Chinese State Council
, which has broad administrative and planning control over the Chinese economy
. Since 2008 the Commission has been headed by Zhang Ping
The NDRC's functions are to study and formulate policies for economic and social development, maintain the balance of economic development, and to guide restructuring of China's economic system. The NDRC has twenty-six functional departments/bureaus/offices with an authorized staff size of 890 civil servants
The NDRC is a successor to the State Planning Commission (SPC), which had managed China's centrally planned economy
since 1952. In 1998, the SPC was renamed as the State Development Planning Commission (SDPC), which then merged with the State Council Office for Restructuring the Economic System (SCORES) and part of the State Economic and Trade Commission (SETC) in 2003. Since then the organization further shifted its policy from plan economy to socialist market economy. The restructured organization was then merged into a newly created NDRC, which gained greater responsibility and power in overseeing China's economic development.
The principal functions of the NDRC are:
- To formulate and implement......