State Council meeting studies policies to sustain economic recovery
BEIJING, July 31 (Xinhua) -- China's State Council on Monday stressed the need to strengthen counter-cyclical adjustment and adopt more policies when the time is right to cement the recovery trend and promote further growth of the Chinese economy.
Efforts need to be made to stimulate the vitality of private investment, strengthen the capital market, and boost investors' confidence, according to a State Council executive meeting chaired by Premier Li Qiang.
It's also necessary to quicken the incubation of strategic emerging sectors, foster new pillar industries, and enhance China's competitiveness and influence in the global industrial and supply chains.
The meeting also emphasized the need to optimize policies concerning the real estate market and put forth city-specific policies that can meet different demands and are inducive to the steady and sound development of the sector.
Employment must receive great attention, and policies to increase employment and entrepreneurship must be integrated and optimized to create more jobs.
Making follow-up arrangements on the policies due to expire this year and next year is significant to stabilizing business expectations and boosting confidence, the meeting noted, calling for full implementation of the new arrangements.
It also approved three nuclear power projects located in Ningde in Fujian Province, Xudapu in Liaoning Province, and Shidao Bay in Shandong Province, respectively.
Safety and quality will be the top priority in the construction of these projects, it said.
The meeting also discussed and approved in principle a draft decision on extending the authorization for the State Council to carry out a pilot program that enables law practitioners from Hong Kong and Macao to practice law in nine cities of Guangdong Province on the mainland.
The draft decision will be submitted to the National People's Congress Standing Committee for review.
Related articles
Strictly star Giovanni Pernice's former partner Rose Ayling
Giovanni Pernice has been dealt a fresh blow after friend and former Strictly dance partner Rose Ayl2024-05-21Baltimore Key bridge collapse: Crews prepare for controlled demolition
BALTIMORE (AP) — After weeks of preparation, crews are scheduled to conduct a controlled demolition2024-05-21Zimbabwe wins toss and elects to bowl in final T20 against Bangladesh
DHAKA, Bangladesh (AP) — Zimbabwe captain Sikandar Raza won the toss and and chose to bowl first in2024-05-21Outbound travel boom mirrors China's consumption vibrancy
BEIJING, May 7 (Xinhua) -- During the just-concluded May Day holiday, global tourist destinations at2024-05-21Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
ARLINGTON, Texas (AP) — The reigning World Series champion Texas Rangers are undefeated this season2024-05-21Blues rise, Crusaders fall marks Super Rugby power shift in New Zealand
WELLINGTON, New Zealand (AP) — The 12th round of Super Rugby Pacific may have seen a changing of the2024-05-21
atest comment