Beijing witnessed a pivotal executive meeting of the State Council on January 9, chaired by Premier Li Qiang. The session unveiled a comprehensive package of fiscal and monetary policies aimed at stimulating domestic demand. Discussions also focused on enhancing basic public services in residential areas and approving the revised draft of China’s ‘Regulations on Nature Reserves.’
The meeting underscored the urgency of expanding effective demand through innovative macro-control measures. Coordinators emphasized strengthening the synergy between fiscal and financial policies to maximize their impact. Strategies included guiding social capital towards boosting consumption and expanding investments, ensuring a robust economic recovery.
A significant highlight was the push for equitable provision of basic public services based on residency. This approach is seen as vital for advancing balanced public services and supporting people-centered urbanization initiatives across the nation.
Finally, the approval of amendments to the nature reserves regulations ensures alignment with laws like the National Parks Law. These changes promise a stronger legal framework for high-quality development of protected areas, safeguarding China’s rich biodiversity for future generations.