State Council distributes work priorities to reinforce recovery

BEIJING: All key tasks laid out in the government work report must be effectively implemented to sustain steady economic and social development, the State Council’s executive meeting chaired by Premier Li Keqiang urged.
The report, adopted at the recently concluded fourth session of the 13th National People’s Congress (NPC), set out the key targets and priorities for the work of the government this year.
The meeting called for solid efforts in pursuing high-quality development, consolidating the gains in COVID-19 containment and socio-economic development, and delivering on the government’s commitments to the people in a bid to make fresh progress in promoting development and improving people’s well-being.
The meeting assigned the 44 key tasks in 38 areas as laid out in the report to relevant State Council bodies and subnational authorities, with their respective responsibilities and time-frames for fulfilling the tasks clearly defined.
“The government work report has gone through the legal process of approval by the NPC. It embodies our commitments made to the NPC deputies. The government must take concrete action to fully discharge its responsibilities and ensure sound implementation of all policies,” Li said.
The meeting underlined the imperative to keep abreast of shifts in the world economic trends and their implications for China. It called for a sound grasp of the dynamics in domestic economic activity, year-on-year and month-on-month, and deep analysis of new developments and new problems.
This will help make informed anticipatory adjustments to the policies introduced. It is key to bolster employment and keep prices stable, in a bid to anchor market expectations. Efforts shall be made to prevent and defuse various risks and potential dangers and consolidate the foundation for economic recovery.
“The first two months saw continued economic recovery and a strengthening momentum of development. That said, the recovery remains uneven as the services sector, micro and small firms and some localities still face difficulties in achieving recovery.
We must act promptly to fulfill the annual development targets and tasks set out in the government work report and keep major economic indicators within an appropriate range,” Li said.
It was emphasized at the meeting that the tax and fee cuts for micro and small enterprises, especially the new structural tax cuts, must be thoroughly implemented. – Agencies