In a significant move to bolster the economy, Chinese Premier Li Qiang presided over a State Council executive meeting on Friday. The focus was on assessing the current economic landscape and rolling out a series of incremental policies aimed at achieving the annual growth target.
Officials discussed the implementation of measures designed to enhance the effectiveness of macroeconomic control through timely policy assessment and improvement. Emphasis was placed on the interaction between policies and the market to mobilize all parties in energizing growth momentum.
A key highlight of the meeting was the promotion of the ice and snow sports industry. Attendees deliberated on strategies to foster high-quality development in this sector, aiming to popularize these sports and elevate the industrial chain to establish the ice and snow economy as a new growth point.
The meeting also approved a draft revision to the national natural science fund regulation. This revision focuses on increasing funding for major original and interdisciplinary innovation projects, as well as encouraging greater participation from social forces in basic research. These steps are expected to drive forward China's innovation capabilities and support long-term economic resilience.
By introducing these comprehensive policies, Premier Li Qiang aims to create a dynamic and sustainable economic environment that not only meets current growth objectives but also paves the way for future advancements in key industries.
Reference(s):
Chinese premier convenes meeting to strengthen economic policies
cgtn.com
