delegate powers to lower levels meaning in English

放权

In the process of reform , it is inevitable to touch on the problem of state - owned assets management system , and people are further convinced the importance of property right management of state - owned enterprise , at the same time , they gradually realize it is not enough to be just with an eye to the reform of enterprises in delegating powers to lower levels and yielding profits , but the problems of inseparate powers of enterprises and government and conversion of enterprise operational system shall be solved completely
党的十四届三中全会以来，我国国有企业进行了深化改革，在改革过程中不可避免地触及国有资产管理体制问题，人们也进一步认识到国有资产产权管理的重要性。同时也逐渐认识到只着眼于企业放权让利改革是不够的，应当从根本上解决政企不分和企业经营机制转换的问题。