国内英语资讯:Effective delivery of all policies introduced in Report urged by State Council_时事

国内英语资讯:Effective delivery of all policies introduced in Report urged by State Council

The meeting underlined the imperative to implement the decisions made by the Communist Party of China Central Committee and the State Council and advance both epidemic control and economic and social development.

While advancing the six priorities where stability is key and the six where protections are needed, the meeting required that governments at all levels act swiftly and effectively to implement the policies of a sizable scale to provide relief to businesses and revitalize the market.

There must be no delay in the allocation of fiscal funds, issuance of bonds, and adoption of supporting measures.

A special mechanism will be set up to see that the funds go straight to primary-level governments and be put to effective use. Special accounts will be established under public finance and social security departments. All funds must directly benefit market entities, especially micro, small and medium-sized businesses and self-employed individuals, as well as vulnerable groups. No such funds are allowed to be withheld.

Agencies for local public finance oversight, treasury management under the People’s Bank of China, and auditing must step up supervision under their purview and forge a synergy of oversight to promptly deal with any attempt at cooking of books or embezzlement of the funds.

Policies of tax and fee cuts, electricity price reduction, loan payment deferral, and reduction or exemption of civil aviation development fund contributions and port construction fees must be fully delivered without fail.