BEIJING—Taking decisive action to steer the economy toward sustained growth, Chinese Premier Li Qiang led a State Council executive meeting on Friday. The gathering brought together key government officials to discuss the current economic situation and strategize on implementing a series of incremental policies.
Amid global economic uncertainties, officials stressed the importance of intensifying counter-cyclical regulations to enhance the effectiveness of macroeconomic control. They emphasized conducting timely policy assessments and making necessary improvements to ensure that the annual economic growth targets are met.
Highlighting the synergy between policy and market forces, the meeting called for the mobilization of all sectors to invigorate growth momentum. This includes fostering an environment where policies and the market can interact dynamically, unlocking new potentials within the economy.
A significant focus was placed on the high-quality development of the ice and snow sports industry. Measures were introduced to popularize winter sports and elevate the industry’s entire value chain. The goal is to transform the ice and snow economy into a new engine for economic growth, tapping into its vast potential.
In a move to strengthen the nation’s scientific prowess, the meeting deliberated and approved a draft revision to the national natural science fund regulation. Officials advocated for increased funding for significant original and interdisciplinary innovation projects. They also encouraged broader participation from social forces in basic research, paving the way for groundbreaking advancements.
By concentrating on these strategic initiatives, the Chinese mainland is positioning itself to reinforce economic stability and foster sustainable development. The government’s commitment to aligning policies with market dynamics reflects its dedication to driving progress and enhancing the well-being of its people.
Reference(s):
Chinese premier convenes meeting to strengthen economic policies
cgtn.com
