Chinese Officials: Government Work Report Changes Economy and Welfare

Chinese officials have combed through numerous revisions to the government work report, presented by Premier Li Keqiang, saying the changes cover wide-ranging questions about China’s development strategy as the rally The country’s annual policy, known as “Two Sessions”, ended on Friday.

Xiang Dong, deputy director of the State Council Research Office, said no less than 92 revisions were made to the government work report and focused on stabilizing the economy, promoting innovation and the well-being of the population. Changes in well-being affect areas such as education, health and social security.

While the revisions include more financial support for the brick-and-mortar economy, suggestions were also made on education, improving basic research funds for technology development and how to raise rates. declining birth rate in the country.

“Once the government work report has been voted on and adopted by deputies of the National People’s Congress, it has legal effect. The key to the next step is to implement it and ensure that various policies and measures are implemented and effective,” Xiang said. .

Officials said challenges remained as China remains deeply tied to the global economy. International commodity prices continue to rise, as does inflationary pressure.

“In general, the Chinese economy is resilient. It has a large market space and a rich policy toolbox,” said Liu Rihong, director general of the First General Research Department of the Research Bureau. of the State Council.

Liu added that in particular, grain has been harvested year after year, pig production capacity is sufficient, and the supply of industrial and agricultural products and services is abundant.

“He is fully qualified and able to continue to maintain stable prices,” Liu said.

Liu said China is an open economy, with foreign trade accounting for one-third of the country’s total GDP. The country will keep its doors open and willing to expand trade and investment with developed and developing economies.

(Cover: A market in Lianyungang City, east China’s Jiangsu Province, March 10, 2022. /CFP)