The National Development and Reform Commission (NDRC) is a macro-control department that comprehensively studies and formulates economic and social development policies, balances the aggregate and guides the overall economic system reform. The National Development and Reform Commission of the People's Republic of China, referred to as the National Development and Reform Commission for short, is the functional organization of the State Council. The predecessor of the National Development and Reform Commission is the State Planning Commission.
The main responsibilities of the National Development and Reform Commission:
1. Formulate and organize the implementation of national economic and social development strategies and development plans;
2. Study and analyze the economic situation and development at home and abroad, and make macroeconomic prediction and early warning;
3. Summarize and analyze the financial situation, participate in the formulation of fiscal and monetary policies, formulate and organize the implementation of industrial policies and price policies;
4, study the major issues of economic system reform and opening to the outside world, and organize the formulation of comprehensive economic system reform plan.