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The Standing Committee of the 14th National People's Congress, China's top legislature, started its fifth session Monday with officials outlining economic and financial performances, as well as their plans for the coming period.
Since the beginning of this year, the national economy has sustained recovery momentum, laying a solid foundation for achieving annual targets, said Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), during the session.
Looking forward, the NDRC needs to intensify macro-policy regulation, actively expand domestic demand, and promote the construction of a modern industrial system, he said.
Meanwhile, China's Finance Minister Liu Kun pointed out that since the beginning of this year, the work regarding fiscal reform and development has made solid progress and financial operations have remained stable.
In the next step, Liu proposed China's finance ministry should intensify efforts to implement a proactive fiscal policy, support the real economy, and further tighten financial discipline.
(Cover via CFP)
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