Beijing, December 17, 2024 – The Europe Today: Chinese Premier Li Qiang chaired a State Council executive meeting on Monday, urging relevant authorities to develop detailed plans for initiatives outlined at the recent annual Central Economic Work Conference. The meeting emphasized the need for proactive measures, clear timelines, and road maps to ensure the effective implementation of these plans.
Key decisions included optimizing the management of special-purpose bonds for local governments, with a focus on using them to fund land reserves, support the acquisition of commercial housing for affordable housing, and expand the scope of bonds that can serve as project capital. The meeting stressed the importance of improving project review mechanisms and increasing local governments’ autonomy in issuing bonds to aid economic recovery.
The meeting also discussed advancing the high-quality development of government investment funds, ensuring their operation in a market-oriented, law-based, and professional manner, and fostering a conducive environment for innovation.
Additionally, a report on a three-year work safety improvement campaign was reviewed, with an emphasis on investigating potential risks and reinforcing safety measures to protect citizens and property.
The revitalization of China’s football industry was highlighted as a key element in the country’s goal to become a sports powerhouse, with efforts to advance football development set as a priority.
Finally, the meeting approved a draft regulation for managing China’s public security video image information system, signaling an ongoing commitment to strengthening governance and security infrastructure.
