China sets targets for supply-side structural reform in agriculture -- China's State Council on September 8 released a guideline on accelerating supply-side structural reform in agriculture, specifying major tasks and targets for the sector's development in the coming years. By 2020, China plans to foster a modern system for the grain industry and raise the ratio of high-quality grain by around 10 percentage points, according to the guideline.
China releases guideline to support reform of coal-rich province -- China's State Council on September 11 made public a guideline to support the economic transformation of coal-rich Shanxi Province. By 2020, the share of coal mining and preliminary processing in the province's output should have seen a notable decline, and the share of advanced coal production capacity in the total should reach two-thirds, the guideline said.
China to focus on improving product, service quality -- The central government on September 12 announced a plan to improve the quality of Chinese products and services in an effort to foster economic growth. The traditional competitiveness of the economy has been waning, and the issue of structural supply-demand imbalance has become prominent. With an insufficient supply of high-end products and services, great efforts will be required to improve quality, according to the plan released by the Communist Party of China Central Committee and the State Council.
China to further supply-side structural reform, cut overcapacity, corporate cost to boost innovation -- China will press ahead with the supply-side structural reform with more efforts focusing on reining in excessive production capacity, reducing corporate cost and improving environment for innovation. The cutting of surplus production capacity will be prioritized, with special focus on the weeding out of substandard steel production. The government will further reduce cooperate costs by applying standards and supervision to fees levied by sectoral associations, chambers of commerce and various societies on enterprises, in a major push to put an end to unregulated excessive charging practices at the very source.
Gov’t issues guidance for quality of products -- China will improve legislation to promote product quality and establish a system that subjects producers and sellers of substandard goods to punitive compensation measures. Guidance released on September 12 by the Central Committee of the Communist Party of China and the State Council, China's Cabinet, urged governments at all levels to make "uttermost efforts" to improve the quality of all products made in China to address supply shortages of midrange and high-end goods and services. （Source: China Daily）
State Council guideline to bolster fight against financial crimes -- China issued a guideline on September 13 strengthening curbs on money laundering, terrorism financing and tax evasion. Analysts said the move will improve the country's efficiency in fighting these financial crimes.
The country will create a comprehensive legal framework and powerful regulatory coordination system by 2020 to effectively control cross-border financial crimes, according to the guideline, released by the State Council, China's Cabinet. （Source: China Daily）
State Council issues Shanxi development guideline -- China's State Council issued a guideline in deepening reform and economic upgrading through encouraging new economic drivers, as well as energy consumption reforms, in north China's Shanxi province. It aims to boost local development from its restriction on traditional resources. The guideline points out that Shanxi, being China's traditional base for energy and traditional industries, is among the key pilot areas for China's resource-based economic upgrading, and has played an important role in China's resource-based economic transition. （Source: China Daily）
Guidelines point way ahead for Shanxi coal -- The State Council, China's Cabinet, made guidelines public on September 11 in support of the economic transformation of coal-rich Shanxi province and mapping the way forward. By 2020, the share of coal mining and processing as a proportion of the province's industrial output should see a notable decline, and the share of advanced coal production capacity should reach two-thirds of the total, the guideline said. （Source: China Daily）
National strategy for innovative development of intelligent cars being drafted, official -- The National Development and Reform Commission (NDRC) has organized a drafting of the innovation development strategy for intelligent cars, so as to emphasize the strategic direction of China's auto industry in a near future, Wu Wei, a senior official with NDRC said at the 2017 International Forum (TEDA) on Chinese Automotive Industry Development, which was held on September 9 -10, quoted by the Xinhua-run Shanghai Securities News.
Mechanism for cooperation in desertification prevention and control along Belt and Road launched -- Countries along the Belt and Road launched on September 10 a mechanism for cooperation in prevention and control of desertification during the 13th Session of the Conference of the Parties to the United Nations Convention to Combat Desertification (UNCCD). The mechanism is aimed at strengthening communication and consultation, sharing experience and technologies, promoting ecological protection, effectively curbing desertification and land degradation, and contributing to the cessation of land degradation and the UN Agenda 2030 for sustainable development.
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