On Sunday, senior Chinese lawmakers convened to deliberate significant reports during an ongoing session of the National People’s Congress (NPC) Standing Committee. Zhao Leji, chairman of the NPC Standing Committee, attended the plenary meeting.
The session featured a report on enforcing the Law on State-Owned Assets of Enterprises. The report proposed establishing and improving the entrusted agency mechanism for state-owned enterprises and state capital, aiming to enhance the management and oversight of these critical assets.
Lawmakers also reviewed a report on the enforcement of the Yellow River Protection Law. The report emphasized the importance of promoting law-based governance of the river and advancing the conservation and restoration of the ecosystem within its basin. This initiative underscores China’s commitment to environmental protection and sustainable development along the vital waterway.
An audit rectification report for 2023 was also presented. As of the end of September, the rectification process had involved a total of 538 billion yuan (approximately $74.8 billion) in funds, with over 2,800 individuals held accountable for various discrepancies. This highlights the government’s efforts to enhance financial accountability and transparency.
The meeting deliberated on a report concerning the allocation and utilization of fiscal funds for disaster prevention, mitigation, and emergency management. The report proposed improving fiscal policies and systems while optimizing fund-allocation models to better equip the nation in handling natural disasters and emergencies.
Additionally, reports on farmland protection, legislative recording and review, and addressing misconduct and corruption among the people were heard, reflecting a comprehensive approach to governance and legal oversight by the NPC Standing Committee.
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Chinese lawmakers hear reports at NPC standing committee session
cgtn.com
