State Council sets economic reform priorities for 2015

China's State Council, the cabinet, on Monday unveiled this year's priorities for further economic reforms.

The reforms -- to streamline administration and deregulate power to lower levels, promote the yuan's convertibility under capital account, and launch a trial scheme to connect the Shenzhen and Hong Kong stock exchanges -- aim to add new impetus to the country's development, the State Council said in a statement on the government website.