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China approves high-quality development plan for resource-rich regions

Updated: Sep 23,2021 17:07 PM

China’s State Council approved a plan to promote high-quality development in resource-rich regions during the 14th Five-Year Plan period, according to a circular released on Sept 23.

The circular urges related departments to adhere to the general working guideline of making progress while maintaining stability based on the new stage of development, implement new development concepts, build a new development pattern, and boost high-quality development.

While focusing on supply-side structural reform, the circular stressed the role of reform and innovation as fundamental driving forces, and the ultimate purpose to meet people’s ever-growing needs for a better life.

Development and security should be better coordinated while pushing forward high-quality development of resource-rich regions, stimulating innovation potential, improving systems and mechanisms, and enhancing weak links in people's well-being, it said.

A new prospect for high-quality development with strong internal driving force, a happy life and beautiful ecological environment should be achieved at a faster pace, according to the circular.

The people's governments of relevant provinces, autonomous regions and municipalities directly under the central government and the Xinjiang Production and Construction Corps should study and formulate provincial implementation plans and introduce supporting policies and measures, the circular said.

Relevant departments of the State Council should provide support in project construction, capital investment, system and mechanism innovation through investment, fiscal, taxation, financial and land policies, and coordinate and resolve difficulties and problems in the transformation and development of resource-rich regions.

The National Development Reform Commission should coordinate with the Ministry of Finance, the Ministry of Natural Resources and other departments, to strengthen tracking, analysis, supervision and guidance, improve dynamic monitoring and evaluation mechanism, to ensure the targets and tasks proposed in the plan are completed as scheduled.