President Xi Jinping is the General Secretary of the CPC Central Committee. (Photo : Reuters)
President Xi Jinping yesterday, Jan. 26, encouraged authorities to establish targeted and specific plans to deliver structural reform on the supply side.
Talking in a meeting of the Central Leading Group for Financial and Economic Affairs, Xi said that sound planning is the basis for supply-side structural reform, which aims to increase productivity and realize people-first development, Xinhua reported.
The president emphasized the significance of extensive research of current economic conditions and up to now, he pointed out that clear objectives were necessary. He added that reform moves should be specified and a system to designate and track responsibility established.
The government has directed its focus on supply-side structural reform, which focuses on better provision for high-quality goods and services and reduce costs for businesses, to address the issues like overcapacity, according to Shanghai Daily.
In the meeting, President Xi emphasized the importance of environmental protection while developing the Yangtze River economic belt.
In addition to the need to preserve forests, Xi said, "The Yangtze is the nation's 'River of Life.' No economic activities related to Yangtze should damage its environment. Its ecological system should only get better, not worse."
Chinese people should maintain the tradition of voluntary tree planting and this will help begin a new round of "returning the farmland to forests."
Xi encouraged cities to go an extra mile in achieving urban greening and called for more attention to be given to national parks for purposes of better protection of endangered animals.
Apart from the supply-side reform issue, Xi also focused on development projects along Yangtze River. The president told the Central Leading Group for Financial and Economic Affairs that there will be no major projects along the river as a way of protecting the environment.
Premier Li Keqiang, who is also the deputy head of the Central Leading Group for Financial and Economic Affairs, also attended the meeting.
