Chinese Lawmakers Deliberate Key Reports at NPC Standing Committee Session
In a significant move reflecting China’s ongoing governance and reform efforts, senior Chinese lawmakers convened on Sunday during the National People’s Congress (NPC) Standing Committee session to deliberate on a series of pivotal reports.
Zhao Leji, chairman of the NPC Standing Committee, was in attendance at the plenary meeting, highlighting the importance of the session’s agenda.
The lawmakers reviewed a report on enforcing the Law on State-Owned Assets of Enterprises. The report proposed the establishment and improvement of an entrusted agency mechanism for state-owned enterprises and state capital. This initiative aims to enhance the management and efficiency of state assets, potentially impacting China’s vast state-owned sector and the broader economy.
Another focal point was the enforcement of the Yellow River Protection Law. Lawmakers emphasized the need for promoting law-based governance of the river, advocating for the conservation and restoration of the ecosystem within its basin. The Yellow River, often called the “mother river” of China, is crucial to the nation’s ecology and history, and its protection is a matter of national priority.
The session also heard an audit rectification report for 2023. According to the report, by the end of September, rectification efforts had addressed issues involving a total of 538 billion yuan (about $74.8 billion) in funds. Additionally, over 2,800 individuals were held accountable, underscoring China’s commitment to transparency and accountability in fiscal management.
Deliberations extended to the allocation and utilization of fiscal funds dedicated to disaster prevention, mitigation, and emergency management. The report proposed enhancements to fiscal policies and systems, aiming to optimize fund allocation models. This comes at a time when effective disaster management is increasingly critical due to environmental changes and natural disasters.
Further discussions included reports on farmland protection, emphasizing the safeguarding of agricultural resources, legislative recording and review, and strategies for addressing misconduct and corruption among the people, reflecting ongoing anti-corruption efforts.
These deliberations signify China’s continued efforts to strengthen legal frameworks, enhance governance, and promote sustainable development across various sectors, impacting not only the nation but also offering insights into the country’s direction for global observers and investors.
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Chinese lawmakers hear reports at NPC standing committee session
cgtn.com
