Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Chinese premier stresses importance of steady economic growth

March 15, 2022


Abstract : Chinese Premier Li Keqiang on Monday stressed the importance of efforts to tide over difficulties to ensure steady economic growth while presiding over an executive meeting of the State Council.

BEIJING, March 14 (Xinhua) -- Chinese Premier Li Keqiang on Monday stressed the importance of efforts to tide over difficulties to ensure steady economic growth while presiding over an executive meeting of the State Council.

The meeting distributed the priorities set in this year's government work report to the relevant bodies of the State Council and local governments, and called for solid implementation.

Acknowledging that the economy faces new downward pressure and increasing challenges, the meeting stressed the need to coordinate COVID-19 prevention and control with economic and social development, and the need to put the task of ensuring steady growth in an even more prominent position.

To this end, the country will closely monitor changes in the global economic situation, major economies' macro policy adjustments, the market trends of bulk commodities, and the impacts of these factors on China.

The country will continue to improve its response measures to ensure economic growth and employment, and keep prices within an appropriate range.

The meeting called for the thorough implementation of macro policies to keep the operations of market entities stable and promote employment stability.

Tax refunds and reductions are key measures this year to maintain a stable macroeconomic performance, the meeting said, and a detailed plan for value-added tax credit refunds will be formulated and launched as soon as possible.

Financial institutions should be guided to roll out measures targeting medium, small and micro enterprises, with a view to making financing more accessible and reducing comprehensive financing costs, according to the meeting.

Efforts will be made to boost domestic demand, unleash consumption potential and increase effective investment.

Stable supplies of coal and electricity will be ensured, the meeting said.

It underlined efforts to strengthen market oversight, safeguard fair competition, and make breakthroughs in core technologies.

Policies must be fully implemented to help resolve the actual difficulties faced by foreign-invested enterprises and foreign trade enterprises.

The meeting also underscored the need to consolidate and expand achievements in poverty alleviation, and implement measures concerning compulsory education, basic medical care, basic housing and other areas to ensure the people's essential needs.

Scan the QR code and push it to your mobile phone

Keyword: China economy

Reading:

PowerChina-constructed Mali Gouina hydropower station enters on-grid trial operation

Interview: China, Africa should cement diplomatic ties through closer people-to-people exchanges, says professor

China's Anhui sees foreign trade up 22.3 pct in Jan-Feb

【Financial Str. Release】Over 70 A-share listed companies release optimistic Jan.-Feb. operating results by Sun.

CAPCO vows to support China's listed firms in high-quality development of BRI

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial