|Weekly policy snapshot of Chinese economy|
//english.dbw.cn 2019-06-24 11:09:04
The following are the key takeaways of the major economic decisions announced by the Chinese authorities in the past week:
-- Inspection of ecological and environmental protection
China will establish a central leading group for the inspection work of ecological and environmental protection, according to regulations on central inspection work of ecological and environmental protection, jointly issued on Monday by the General Office of Communist Party of China Central Committee and the General Office of the State Council.
The inspection work will include regular and special inspections, as well as "look-back" inspections.
-- Financial support for rescue work in quake-hit province
The Ministry of Finance and the Ministry of Emergency Management on Wednesday allocated 100 million yuan (14.51 million U.S. dollars) to southwest China's Sichuan Province to support rescue operations after the province was hit by a 6.0-magnitude earthquake.
The government has supplied 5,000 tents, 10,000 folding beds and 20,000 quilts to the quake-hit areas for the victims.
-- Upgrades of urban old residential areas, rural infrastructure
The State Council, China's cabinet, has set up plans to accelerate the regeneration of old residential areas in cities and urged faster progress in upgrading the electric grid and expanding access to safe drinking water in rural areas.
An executive meeting of the State Council chaired by Premier Li Keqiang on Wednesday called for implementing major projects that can meet people's needs and spur domestic demand to boost effective investment.
-- New foreign investment negative lists to be unveiled
China will roll out the revised negative lists for foreign investment market access by the end of this month, the country's commerce ministry said Thursday.
The new lists, one for the piloted free trade zones and one for the rest of the country, will expand the fields open to overseas investment, Gao Feng, a spokesperson with the Ministry of Commerce, told a press conference.
Revision work is now underway, and the ministry will further research related issues and expand reforms to create a fairer, more stable, transparent and predictable investment environment, Gao said.
-- Guideline to support sci-tech innovation board
China's top court unveiled a guideline Friday to offer judicial guarantee to ensure the newly launched science and technology innovation board and the pilot registration-based IPO reform run smoothly.
This is the first time that the Supreme People's Court developed a systematic and comprehensive judicial document specific for the capital market's fundamental system reform.
The guideline includes 17 measures regarding fields such as raising legal costs for irregular practices.
-- Industrial internet security enhancement
China will step up efforts to enhance the security of industrial internet as the technology concerns the safety of the real economy, said an official with the Ministry of Industry and Information Technology (MIIT) on Friday.
As important new-generation information technology, industrial internet provides a foundation for the digital, internet and intelligent transformation and upgrading of manufacturing industry, said Wang Xinzhe, chief economist with the MIIT, at a conference.
The ministry will roll out related documents and improve the security management system for industrial internet so as to foster a comprehensive, profound and diverse development order for the sector.
Author： Source：xinhua Editor：Yang Fan