H.E. Sun Weidong
Chinese Ambassador to India
Twitter: @China_Amb_India
  Ambassador
  Embassy Offices
  China-India Relations
  Consular Service
  Press Service
  Important Notice
Consular Office Closes on Apr. 6th ,2020
Notice
Remarks by the spokesperson of the Chinese Embassy in India Counselor Ji Rong on pneumonia epidemic caused by the novel coronavirus
NOTICE
More>>
  Contact Us
  News From China
February 2020
January 2020
December 2019
  Home > China News
Premier Li Keqiang Chairs Video Symposium on New Fiscal Funds to Benefit Businesses and People(2020-06-02)
President Xi Jinping Exchanged Letters with Peruvian President Martín Vizcarra over Cooperation Against COVID-19(2020-05-30)
Premier Li Keqiang Meets the Press:
Full Transcript of Questions and Answers
(2020-05-28)
State Councilor and Foreign Minister Wang Yi Speaks with French President's Foreign Policy Advisor Emmanuel Bonne On the Phone(2020-05-27)
State Councilor and Foreign Minister Wang Yi Speaks with Kyrgyz Foreign Minister Chingiz Aidarbekov on the Phone(2020-05-27)
State Councilor and Foreign Minister Wang Yi Meets the Press(2020-05-24)
Wang Yi Goes to Airport to Bring Home Deceased Chinese Ambassador to Israel Du Wei(2020-05-21)
President Xi Jinping Speaks with Prime Minister Sheikh Hasina of Bangladesh on the Phone(2020-05-20)
President Xi Jinping Speaks by Phone with President U Win Myint of Myanmar(2020-05-20)
Statement by the Ministry of Foreign Affairs(2020-05-20)
President Xi Jinping Makes Statement at the Virtual Event of the Opening of the 73rd World Health Assembly(2020-05-18)
Fighting COVID-19 Through Solidarity and Cooperation
Building a Global Community of Health for All
(2020-05-18)
President Xi Jinping Speaks with Hungarian Prime Minister Viktor Orbán on the Phone(2020-05-15)
President Xi Jinping Speaks with South African President Cyril Ramaphosa on the Phone(2020-05-15)
Message of Congratulations from H.E. Wang Yi State Councilor and Minister of Foreign Affairs of The People's Republic of China to the Reopening of the Embassy of the People's Republic of China in the Republic of Kiribati(2020-05-15)
State Councilor and Foreign Minister Wang Yi Speaks with Foreign Ministers of Hungary, Bosnia and Herzegovina and Estonia on the Phone(2020-05-14)
State Councilor and Foreign Minister Wang Yi Speaks by Phone with Foreign Minister Miguel Vargas Maldonado of the Dominican Republic(2020-05-13)
State Councilor and Foreign Minister Wang Yi Speaks by Phone with Spanish Foreign Minister Arancha González Laya(2020-05-13)
State Councilor and Foreign Minister Wang Yi Attends Video Conference of SCO Foreign Ministers(2020-05-13)
President Xi Jinping Speaks with Sri Lankan President Gotabaya Rajapaksa on the Phone(2020-05-13)
President Xi Jinping Speaks with ROK President Moon Jae-in on the Phone(2020-05-13)
Wang Yi: Upholding Multilateralism and Improving Global Governance is an Overwhelming Chorus among People Around the World(2020-05-13)
Wang Yi: Establish Fast Lanes and Green Lanes(2020-05-13)
Wang Yi Put Forward Three Proposals on the SCO Foreign Ministers' Video Conference(2020-05-13)
Wang Yi: Uphold the Shanghai Spirit and Contribute to International Cooperation Against COVID-19(2020-05-13)
Carrying Forward the Shanghai Spirit
To Safeguard the Multilateral System
(2020-05-13)
Wang Yi Speaks by Phone with Angolan Foreign Minister Téte António(2020-05-12)
Wang Yi Spoke by Phone with Ethiopian Foreign Minister Gedu Andargachew(2020-05-12)
State Councilor and Foreign Minister Wang Yi Visits King Norodom Sihamoni of Cambodia in Beijing(2020-05-09)
President Xi Jinping Exchanged Verbal Messages with Chairman Kim Jong Un of the Workers' Party of Korea(2020-05-09)
Reality Check of US Allegations Against China on COVID-19(2020-05-09)
President Xi Jinping Speaks by Phone with Russian President Vladimir Putin(2020-05-08)
State Councilor and Foreign Minister Wang Yi Speaks by Phone with Minister of Foreign and European Affairs Ivan Korčok of Slovakia(2020-05-07)
President Xi Jinping Speaks with Portuguese President Marcelo Rebelo de Sousa on the Phone(2020-05-07)
President Xi Jinping Speaks with Uzbek President Shavkat Mirziyoyev on the Phone(2020-05-07)
State Councilor and Foreign Minister Wang Yi Speaks by Phone with Mongolian Foreign Minister Damdin Tsogtbaatar(2020-05-06)
State Councilor and Foreign Minister Wang Yi Speaks by Phone With Tajik Foreign Minister Sirojiddin Muhriddin(2020-05-06)
State Councilor and Foreign Minister Wang Yi Speaks by Phone with Uzbek Foreign Minister Abdulaziz Kamilov(2020-05-06)
Premier Li Keqiang Chairs Meeting of Central Leading Group On Responding to the Novel Coronavirus Disease Outbreak(2020-04-30)
President Xi Jinping Speaks with President Martín Vizcarra of Peru on the Phone(2020-04-30)
Hot Topics
NPC&CPPCC Annual Sessions 2020
Fighting COVID-19
Fighting COVID-19 The Chinese Way
Xi Jinping Thought on Diplomacy
Conference on Dialogue of Asian Civilizations
Belt and Road Forum for International Cooperation
More>>
Useful Links
More>>


H.E. Sun Weidong
Chinese Ambassador to India
Twitter: @China_Amb_India
  Ambassador
  Embassy Offices
  China-India Relations
  Consular Service
  Press Service
  Important Notice
Consular Office Closes on Apr. 6th ,2020
Notice
Remarks by the spokesperson of the Chinese Embassy in India Counselor Ji Rong on pneumonia epidemic caused by the novel coronavirus
NOTICE
More>>
  Contact Us
  News From China
February 2020
January 2020
December 2019
  Home > China News
Premier Li Keqiang Chairs Video Symposium on New Fiscal Funds to Benefit Businesses and People
2020/06/02

On 1 June, Li Keqiang, Member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, chaired a video symposium in Qingdao during his inspection tour to Shandong on measures to ensure that increase in fiscal funds will directly benefit businesses and the people.

Li said that to ensure the six priorities where stability is key and the six where protections are needed, the two trillion yuan of fiscal funds will be made available by raising the budget deficit and issuing government bonds for COVID-19 control, as set out in the Government Work Report adopted at the NPC Session. He highlighted this measure as an important part of the policies of a sizable scale to provide relief to businesses and revitalize the market, with a particular focus on protecting employment, people's basic living needs and market entities. As an extraordinary measure for an unusual time and a creative way of macro regulation, the funds will go straight to prefecture and county governments and directly benefit businesses and the people. Priority will be given to supporting businesses and leveraging the role of the market in keeping economic fundamentals stable.

Li noted that micro, small, and medium enterprises and self-employed individuals, low-income groups including rural migrant workers, workers in flexible employment and in the general service sector, and vulnerable groups including the poor, the unemployed and people living on subsistence allowance and provisional relief have been hit harder by COVID-19. There are hundreds of millions of them. To ensure they receive the greater benefit of the funds, a special transfer payment mechanism will be set up and refined. No such funds will be withheld by provincial governments so that prefecture and county governments can access and appropriate the money as quickly as possible. The finance departments must follow through on the instructions of ensuring employment, people's livelihood and the development of market entities by putting in place well-targeted supporting policies and clarifying the scope of use for the funds.

Li stressed that rigorous oversight mechanisms should be established to ensure the effective use of the funds. Finance departments should create logs on the use of the special bonds for COVID-19 control and ensure that each item of expenditure is accounted for. Treasuries at all levels should allocate funds directly to the recipients and match all payments with real-name records. Auditing departments should make use of the new funds as the priority of their auditing work. All relevant agencies must keep their eyes wide open and form synergy in oversight. Fiscal discipline must be stringently enforced to promptly deal with any attempt at cooking of books or embezzlement of the funds. The vested interests of some agencies may be upset in the process, but this is a necessary reform for the sake of people's well-being. Any attempt to encroach upon public interests will never be allowed.

Li emphasized that in face of the unprecedented difficulties and challenges, governments at all levels must follow the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, earnestly implement the decisions made by the CPC Central Committee and the State Council, and take solid steps to carry out the tasks identified in the Government Work Report. With normalized containment measures in place, he highlighted the imperative to maintain stability in the six key areas and take forward the six protections, in order to keep the economic fundamentals stable, spur growth and accomplish the targets and tasks for economic and social development this year.