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Vice-premier stresses achieving development targets

Updated: Jul 10,2020 09:32 PM    Xinhua

BEIJING — Vice-Premier Han Zheng on July 10 stressed efforts to achieve the country's economic and social development targets this year.

Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said during a symposium at the Ministry of Finance that financial and taxation authorities should strengthen coordination and forge policy synergy to provide strong support for steady economic performance and overall social stability.

He emphasized the importance of fully implementing tax and fee reduction policies, and ensuring funds go straight to grassroots levels to directly benefit businesses and people in need.

Funds raised from local government bonds should be managed and used effectively, and local debt risks should be defused properly, said Han.

Efforts should be made to achieve poverty alleviation goals, support the implementation of major strategies for regional development, and address new problems in regional development, he said.

He added that investment in science and technology should be increased, and reform of science and technology system should be supported.

Han also called for tighter control of fiscal expenditures, strengthened supervision, and more efficient use of funds.

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