Chinese Premier Li Qiang chaired a State Council executive meeting on Monday, emphasizing the need for detailed plans following the recent annual Central Economic Work Conference. The meeting urged relevant authorities to proactively formulate measures and establish clear timelines to ensure orderly progress.
A key focus was optimizing the management of special-purpose bonds for local governments. Plans include funding land reserves, supporting the acquisition of existing commercial housing for affordable housing, and expanding the scope of special bonds for project capital.
The meeting highlighted the importance of improving project review and management mechanisms, increasing the autonomy and flexibility of local governments, and enhancing the efficiency of bond issuance. Effective issuance and utilization of special bonds next year are seen as crucial for underpinning economic recovery and growth.
Advancing the high-quality development of government investment funds was also discussed, with an emphasis on market-oriented, law-based, and professional operations. Enhancing accountability mechanisms and fostering an innovative environment were identified as key steps.
Work safety was another significant topic, with a report on a three-year campaign to improve safety standards. The meeting stressed the importance of thoroughly investigating major risks and hidden dangers, and called for strengthened measures to protect people's safety and property.
The revitalization of the football industry was highlighted as a strategic priority for transforming China into a strong sports nation. The meeting called for intensified efforts to implement measures aimed at advancing football development.
Additionally, the meeting deliberated and approved a draft regulation on the management of China's public security video image information system, aiming to enhance public security measures.
Reference(s):
cgtn.com
