Senior Chinese lawmakers convened on Sunday for an important session of the National People’s Congress (NPC) Standing Committee, delving into a series of significant reports aimed at shaping the nation’s future policies and governance.
Zhao Leji, chairman of the NPC Standing Committee, presided over the plenary meeting, highlighting the importance of the discussions underway.
One of the key reports focused on the enforcement of the Law on State-Owned Assets of Enterprises. Lawmakers reviewed proposals to establish and refine the entrusted agency mechanism for state-owned enterprises and state capital, an initiative expected to enhance efficiency and transparency in managing state assets.
The enforcement of the Yellow River Protection Law was also scrutinized, stressing the need for law-based governance to safeguard the river’s ecosystem. The Yellow River, often referred to as the “Mother River” of China, is crucial to the country’s environmental health and economic development. The report called for intensified efforts in conservation and restoration to ensure the sustainability of its basin.
In addressing financial oversight, the lawmakers heard the audit rectification report for 2023. As of the end of September, rectification efforts had involved a substantial sum of 538 billion yuan (about $74.8 billion), with over 2,800 individuals held accountable. This underscores the government’s commitment to financial accountability and combating corruption.
The allocation and utilization of fiscal funds for disaster prevention, mitigation, and emergency management were also on the agenda. The report proposed enhancements to fiscal policies and systems, aiming to optimize fund allocation models to better prepare for and respond to natural disasters.
Additionally, the session covered reports on farmland protection, legislative recording and review, and measures to address misconduct and corruption among the populace. These discussions reflect a comprehensive approach to governance, emphasizing the importance of legal frameworks in various sectors.
The NPC Standing Committee’s deliberations signal China’s ongoing efforts to refine its legal and governance structures, addressing both economic and social challenges while promoting sustainable development.
Reference(s):
Chinese lawmakers hear reports at NPC standing committee session
cgtn.com
