In a significant gathering on Sunday, senior Chinese lawmakers convened for the plenary meeting of the National People’s Congress (NPC) Standing Committee session. The session was attended by Zhao Leji, chairman of the NPC Standing Committee, underscoring the importance of the deliberations.
The committee reviewed a series of pivotal reports aimed at steering the country’s legislative and governance frameworks toward greater efficiency and sustainability.
Enhancing State-Owned Enterprises
A major focus was on the enforcement of the Law on State-Owned Assets of Enterprises. Lawmakers heard a detailed report proposing the establishment and improvement of the entrusted agency mechanism for state-owned enterprises (SOEs) and state capital. This move is expected to optimize the management and oversight of SOEs, ensuring that they contribute effectively to the national economy.
Protecting the Yellow River
The enforcement of the Yellow River Protection Law was another critical topic. The report called for the promotion of law-based governance of the Yellow River, emphasizing the need to advance conservation and restoration efforts for the river’s basin ecosystem. This initiative reflects China’s commitment to environmental protection and sustainable development.
Audit Rectification Progress
An audit rectification report for 2023 was presented, revealing substantial progress in addressing financial irregularities. As of the end of September, the rectification process involved a total of 538 billion yuan (approximately $74.8 billion) in funds. Moreover, over 2,800 individuals had been held accountable, highlighting the government’s firm stance on financial discipline and accountability.
Disaster Prevention and Fiscal Management
The meeting also deliberated on the allocation and utilization of fiscal funds for disaster prevention, mitigation, and emergency management. The report proposed improvements to fiscal policies and systems, as well as the optimization of fund-allocation models. These changes aim to enhance the country’s preparedness and response to natural disasters, ensuring the safety and well-being of its citizens.
Addressing Additional National Concerns
Other reports heard during the session included those on farmland protection, legislative recording and review, and efforts to combat misconduct and corruption among the populace. These discussions signify a comprehensive approach to national governance, addressing both economic and social issues to promote overall stability and progress.
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Chinese lawmakers hear reports at NPC standing committee session
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