Chinese Premier Li Qiang presided over a State Council executive meeting on Friday, focusing on strategies to propel the nation’s economic growth. The meeting brought together key officials to discuss the current economic situation and the implementation of various incremental policies aimed at sustaining momentum.
Emphasizing the importance of achieving the annual growth targets, the council highlighted the need to intensify counter-cyclical regulation and enhance the effectiveness of macro-control. Officials stressed the importance of timely policy assessments and improvements, underlining the dynamic interaction between government policies and market forces. They called for the mobilization of all parties to invigorate growth momentum across sectors.
In a bid to stimulate new economic drivers, the meeting outlined measures to promote the high-quality development of the ice and snow sports industry. Attendees advocated for the popularization of ice and snow sports, aiming to enhance the industrial chain and create new growth points. This initiative taps into the growing enthusiasm for winter sports in China, following the success of recent international events.
The council also deliberated on a draft revision to the national natural science fund regulation. The proposed changes aim to increase funding for major original and interdisciplinary innovation projects. By encouraging greater participation from social forces in basic research, the government seeks to foster innovation and maintain China’s competitiveness in science and technology.
By focusing on these strategic areas, China’s State Council demonstrates a comprehensive approach to economic development. Through policy refinement, investment in emerging industries, and strengthened support for scientific research, the nation aims to achieve sustainable growth and drive forward its innovation agenda.
(Cover: Workers at a factory in Guiyang City, southwest China’s Guizhou Province, August 7, 2024. /CFP)
Reference(s):
cgtn.com
