In accordance with the medium- and long-term development perspectives, China will push forward the market-based reform of interest rates.

Mass unemployment could spell the end of such progress toward democratic market-based reform as the country has made.

The authorities have tried to introduce market-based reforms, but progress has been slow because of the broad public opposition to austerity measures.

Sanford framed this plan as a necessary market-based reform.

Since 1978, China's market-based economic reforms have brought the poverty rate down from 53% in 1981 to 8% by 2001.

Several other communist states have also attempted to implement market-based reforms, including Vietnam.

The whole idea of market-based reform is to rely increasingly on private investment, not government subsidy.

To advance its policy of market-based reforms, China adopted foreign approaches to legal regulation, particularly in the area of commercial law.

Mr. Singh is also a widely respected champion of continued market-based reforms.

Unlike the previous governments, the administration decided to take a long-term view and execute market-based reforms at a gradual pace.