Chinese premier leads State Council executive meeting
Chinese Premier Li Qiang led a State Council executive meeting on Monday, emphasizing the need for comprehensive plans regarding the arrangements established at the recent annual Central Economic Work Conference.
TroibNews 
On Monday, Chinese Premier Li Qiang chaired a State Council executive meeting that focused on developing detailed plans based on the arrangements established at the recent annual Central Economic Work Conference.
The meeting urged relevant authorities to take proactive steps, formulate measures, and set clear timelines and road maps to ensure orderly progress in all initiatives.
Key plans included optimizing the management of special-purpose bonds for local governments. The discussions underscored the need to allow special bonds to fund land reserves, support the acquisition of existing commercial housing for affordable housing, and expand the types of special bonds eligible for use as project capital.
It was stressed that efforts should concentrate on enhancing the project review and management mechanisms, increasing the autonomy and flexibility of local governments moderately, and improving the efficiency of bond issuance. The meeting also highlighted the need for effective issuance and utilization of special bonds in the upcoming year to support economic recovery and growth.
Additionally, the meeting examined ways to promote the high-quality development of government investment funds, asserting that these funds must be managed in a market-oriented, law-abiding, and professional manner.
The gathering called for the improvement of accountability mechanisms and the cultivation of a supportive environment for innovation.
A report on a three-year initiative aimed at enhancing work safety was also presented, emphasizing the necessity of thoroughly investigating major risks and hidden dangers. The meeting advocated for strengthened measures to ensure the safety of individuals and property as the year comes to a close.
The revival of the football industry emerged as another significant topic, seen as crucial for transforming China into a strong sports nation. The meeting called for intensified efforts to implement measures for advancing football development.
Lastly, the meeting reviewed and approved a draft regulation concerning the management of China’s public security video image information system.
Thomas Evans for TROIB News
The meeting urged relevant authorities to take proactive steps, formulate measures, and set clear timelines and road maps to ensure orderly progress in all initiatives.
Key plans included optimizing the management of special-purpose bonds for local governments. The discussions underscored the need to allow special bonds to fund land reserves, support the acquisition of existing commercial housing for affordable housing, and expand the types of special bonds eligible for use as project capital.
It was stressed that efforts should concentrate on enhancing the project review and management mechanisms, increasing the autonomy and flexibility of local governments moderately, and improving the efficiency of bond issuance. The meeting also highlighted the need for effective issuance and utilization of special bonds in the upcoming year to support economic recovery and growth.
Additionally, the meeting examined ways to promote the high-quality development of government investment funds, asserting that these funds must be managed in a market-oriented, law-abiding, and professional manner.
The gathering called for the improvement of accountability mechanisms and the cultivation of a supportive environment for innovation.
A report on a three-year initiative aimed at enhancing work safety was also presented, emphasizing the necessity of thoroughly investigating major risks and hidden dangers. The meeting advocated for strengthened measures to ensure the safety of individuals and property as the year comes to a close.
The revival of the football industry emerged as another significant topic, seen as crucial for transforming China into a strong sports nation. The meeting called for intensified efforts to implement measures for advancing football development.
Lastly, the meeting reviewed and approved a draft regulation concerning the management of China’s public security video image information system.
Thomas Evans for TROIB News
