Chinese Premier Li Qiang chaired a State Council executive meeting on Monday, calling for detailed implementation plans for the arrangements made at the recent Central Economic Work Conference (CEWC).
Proactive Measures for Economic Progress
During the meeting, Premier Li emphasized the importance of proactive measures by relevant authorities to ensure the orderly progression of work. He urged the formulation of specific measures, along with clear timelines and road maps, to effectively carry out the economic strategies outlined at the CEWC.
Optimizing Special-Purpose Bonds
The meeting outlined plans to optimize the management of special-purpose bonds for local governments. It highlighted the necessity of permitting special bonds to fund land reserves and supporting the acquisition of existing commercial housing for use as affordable housing. Additionally, the scope of special bonds that can be used as project capital will be expanded.
“Efforts should focus on improving the project review and management mechanism, moderately increasing the autonomy and flexibility of local governments, and enhancing the efficiency of bond issuance,” the meeting noted. It also emphasized the importance of ensuring the effective issuance and utilization of special bonds next year to support economic recovery and growth.
Advancing Government Investment Funds
The meeting also discussed measures to advance the high-quality development of government investment funds, underscoring that these funds should operate in a market-oriented, law-based, and professional manner. Enhanced accountability mechanisms and a favorable innovation environment are essential for the success of these funds, the meeting concluded.
Focus on Work Safety
Work safety was another key topic. The meeting heard a report on a three-year campaign to improve work safety, emphasizing the thorough investigation of major risks and hidden dangers. Strengthened measures were called for to protect the safety of people and their property, especially during the turn of the year.
Revitalizing the Football Industry
In addition, the revitalization of the football industry was highlighted as a crucial step in transforming China into a strong sports nation. The meeting urged intensified efforts to implement measures aimed at advancing football development.
Enhancing Public Security Management
Finally, the meeting deliberated and approved the adoption of a draft regulation on the management of China’s public security video image information system, signaling a move towards enhanced public security management.
Reference(s):
cgtn.com