In a strategic move to invigorate China’s economy, Premier Li Qiang presided over the State Council’s executive meeting on January 9 in Beijing. Key decisions included rolling out a fiscal-monetary policy bundle to spur domestic demand, reviewing implementations for better public services in housing zones, and greenlighting revisions to nature conservation rules.
Experts at the meeting highlighted how this policy package represents a critical step in broadening effective demand and pioneering macro-control innovations. Close coordination between fiscal and monetary tools was stressed, alongside efforts to fully realize policy effects and channel private investments into consumption and infrastructure growth.
The session also delved into measures promoting residency-based basic public services. Such initiatives are poised to equalize service delivery nationwide, bolstering the shift towards sustainable, human-focused urban development.
On the environmental front, the revised ‘Regulations on Nature Reserves’ were endorsed, harmonizing with existing legislation to provide ironclad legal support for advancing nature protection zones with excellence.