Chinese Premier Li Qiang on Friday presided over a State Council executive meeting, during which attendees discussed the current economic situation and the implementation of a raft of incremental policies.

Officials at the meeting also considered measures to promote the ice and snow sports industry's high-quality development, and deliberated and approved a draft revision to the national natural science fund regulation.

Stressing that efforts should be focused on achieving the annual economic growth target, officials at the meeting underlined the need to further implement incremental policies, conduct timely policy assessment and improvement and intensify counter-cyclical regulation to improve the effectiveness of macroeconomic control.

Officials at the meeting stressed the importance of interaction between policies and the market, and mobilization of all parties to vitalize growth momentum.

Officials at the meeting also introduced relevant measures to stimulate the vitality of the ice and snow economy with its high-quality development, calling for the popularization of such sports and leveling up the industrial chain of the ice and snow economy to make it a new growth point.

Meanwhile, a draft revision to the national natural science fund regulation was deliberated and approved at the meeting.

Officials at the meeting urged for increased funding for major original and interdisciplinary innovation projects, as well as support for more social forces to participate in basic research.