The full text of the government work report is here! It involves economic targets, stock market and real estate development, etc

According to the Zhitong Finance APP, the third session of the 14th National People's Congress will hold its opening meeting at the Great Hall of the People at 9 a.m. on March 5, 2025. Premier Li Qiang will represent the State Council and deliver the government work report at the third session of the 14th National People's Congress. In the government work report, Li Qiang proposed that this year's main expected development goals are: a GDP growth of around 5%; an urban survey unemployment rate of around 5.5%, with over 12 million new urban jobs; a consumer price increase of around 2%; synchronization of resident income growth with economic growth; maintaining a basic balance in international payments; a grain output of about 1.4 trillion jin; a reduction of energy consumption per unit of GDP by around 3%; and continuous improvement in ecological environment quality. The proposed expected goals take into account both domestic and international situations and various factors, balancing needs and possibilities. The economic growth target of around 5% is necessary for stabilizing employment, preventing risks, and benefiting people's livelihoods, and is supported by economic growth potential and favorable conditions, aligning with medium- and long-term development goals, highlighting a clear orientation towards overcoming difficulties and striving for progress. The urban survey unemployment rate of around 5.5% reflects the need to strengthen employment stability in the context of more prominent total employment and structural contradictions. The consumer price increase of around 2% aims to improve supply-demand relationships through various policies and reforms, keeping the overall price level within a reasonable range. Achieving these goals will not be easy and will require hard work. In the government report, when mentioning the implementation of a more proactive fiscal policy, it stated that this year's deficit rate is planned to be arranged at around 4%, an increase of 1 percentage point from the previous year, with a deficit scale of 5.66 trillion yuan, an increase of 1.6 trillion yuan from the previous year. The general public budget expenditure scale is 29.7 trillion yuan, an increase of 1.2 trillion yuan from the previous year. Among them, it is planned to arrange 4.4 trillion yuan in special bonds for local governments, an increase of 500 billion yuan from the previous year. It is planned to issue 1.3 trillion yuan in ultra-long-term special government bonds, an increase of 300 billion yuan from the previous year. It is planned to issue 500 billion yuan in special government bonds to support the capital replenishment of large state-owned commercial banks. An allocation of 300 billion yuan in ultra-long-term special government bonds is planned to support the replacement of old consumer goods. Regarding real estate, the government work report stated that efforts will continue to stabilize the real estate market, implementing city-specific policies to reduce restrictive measures, and intensifying the renovation of urban villages and dilapidated housing to fully release the potential for rigid and improved housing demand. It will optimize urban spatial structure and land use methods, reasonably control the supply of new real estate land. It will revitalize existing land and commercial office space, promote the acquisition of existing commercial housing, and grant greater autonomy to city governments regarding acquisition subjects, prices, and uses. The scope of re-loan usage for affordable housing will be broadened. The role of the real estate financing coordination mechanism will be leveraged to continue ensuring the delivery of housing and effectively prevent the risk of debt defaults by real estate companies. A relevant foundational system will be orderly established to accelerate the construction of a new model for real estate development. It will adapt to the high-quality housing needs of the people, improve standards and norms, and promote the construction of safe, comfortable, green, and smart "good houses." In addition, the government work report also proposed to deepen the comprehensive reform of capital market investment and financing, vigorously promote the entry of medium- and long-term funds into the market. It will accelerate the implementation of landmark reform measures and better leverage the guiding role of economic system reforms. Key area reforms will be solidly advanced, focusing on breaking down institutional and mechanism barriers that restrict development, creating a fairer and more vibrant market environment Deepening the reform of the financial and tax system. Carry out pilot projects for zero-based budgeting in central departments, support local governments in deepening zero-based budgeting reforms, and actively innovate in key systems such as expenditure standards and performance evaluation. Accelerate the advancement of shifting the collection of certain categories of consumption tax to local governments, increasing local financial autonomy. Standardize tax incentive policies. Actively explore the establishment of incentive mechanisms to promote local governments in cultivating financial resources for high-quality development. Strictly control the scale of government-funded personnel. Improve the standard system and basic institutions for technology finance, green finance, inclusive finance, pension finance, and digital finance. Deepen comprehensive reforms in capital market investment and financing, vigorously promote the entry of medium- and long-term funds into the market, and strengthen the construction of strategic force reserves and market stabilization mechanisms. Reform and optimize the systems for stock issuance, listing, and mergers and acquisitions. Accelerate the development of a multi-tiered bond market. Regarding artificial intelligence, the government work report states that it supports the widespread application of large AI models to stimulate innovation in the digital economy. Continue to promote the "Artificial Intelligence +" initiative, better integrate digital technology with manufacturing advantages and market advantages, support the widespread application of large models, and vigorously develop new generation intelligent terminals such as smart connected new energy vehicles, AI smartphones and computers, intelligent robots, and intelligent manufacturing equipment. The government work report states that it aims to cultivate and expand emerging industries and future industries. Deepen the integrated cluster development of strategic emerging industries. Carry out large-scale application demonstration actions for new technologies, new products, and new scenarios, promoting the safe and healthy development of emerging industries such as commercial aerospace and low-altitude economy. Establish a growth mechanism for future industry investment, cultivating future industries such as biomanufacturing, quantum technology, embodied intelligence, and 6G. The transcript is as follows: Zhao Leji: Dear representatives: The third session of the 14th National People's Congress has 2,929 representatives eligible to attend. Today, 2,880 representatives are present, 49 are absent, and the number of attendees meets the legal requirements. Zhao Leji: I now declare the opening of the third session of the 14th National People's Congress of the People's Republic of China. Zhao Leji: Please stand. Sing the national anthem. Zhao Leji: Dear representatives: Today's plenary meeting has four agenda items. Zhao Leji: Please be seated. Zhao Leji: Now we proceed to the first agenda item, the review of the government work report. Next, I invite Comrade Li Qiang, Premier of the State Council, to present the report. Premier Li Qiang, on behalf of the State Council, presents the government work report to the third session of the 14th National People's Congress. Main goals and tasks for economic and social development in 2024 are successfully completed The government work report states that the past year has been extraordinary in our country's development journey. The successful convening of the third plenary session of the 20th Central Committee of the Communist Party of China has made arrangements for further comprehensive deepening of reforms and advancing Chinese-style modernization. We celebrated the 75th anniversary of the founding of the People's Republic of China, greatly inspiring the patriotic enthusiasm and fighting spirit of people of all ethnic groups across the country. Over the past year, in the face of increasing external pressures and growing internal difficulties, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, people of all ethnic groups across the country have worked hard and overcome difficulties, achieving overall stable economic operation with progress amid stability, successfully completing the main goals and tasks for economic and social development for the year, solidly advancing high-quality development, steadily developing new productive forces, and continuously enhancing our economic strength, technological strength, and comprehensive national strength. Chinese-style modernization has made new solid strides, further strengthening our determination and confidence to comprehensively build a modern socialist country in the new era and on the new journey The "stable" trend is consolidated and continued. This is mainly reflected in the steady expansion of the economy, with the gross domestic product reaching 134.9 trillion yuan, growing by 5%, ranking among the top of major economies in the world, and maintaining a contribution rate of about 30% to global economic growth. Employment and prices are generally stable, with 12.56 million new urban jobs created and an average urban survey unemployment rate of 5.1%, while the consumer price index rose by 0.2%. The international balance of payments is basically balanced, with foreign trade reaching a record high, international market share steadily increasing, and foreign exchange reserves exceeding 3.2 trillion US dollars. The guarantee of people's livelihood is solid and stable, with real per capita disposable income growing by 5.1%, the achievements in poverty alleviation being continuously consolidated and expanded, and increased support for compulsory education, basic pension, basic medical care, and social assistance. The resolution of risks in key areas is orderly and effective, and the overall social situation remains stable. The "progress" is solid and powerful. This is mainly reflected in new advancements in industrial upgrading, with grain production for the first time exceeding 1.4 trillion jin, and yield per mu increasing by 10.1 jin; the added value of high-tech manufacturing and equipment manufacturing industries growing by 8.9% and 7.7%, respectively, with annual production of new energy vehicles surpassing 13 million; the added value of information transmission, software and information technology services, and leasing and business services growing by 10.9% and 10.4%, respectively. There are new improvements in innovation capabilities, with new achievements in fields such as integrated circuits, artificial intelligence, and quantum technology; the "Chang'e 6" mission achieved the first-ever lunar far side sample return; the "Dream" ocean drilling vessel was completed and commissioned; and the transaction volume of technology contracts increased by 11.2%. There are new improvements in ecological and environmental quality, with the average concentration of fine particulate matter (PM2.5) in cities at or above the prefecture level decreasing by 2.7%, the proportion of good air quality days rising to 87.2%, and the proportion of surface water with good quality increasing to 90.4%; energy consumption per unit of GDP decreased by more than 3%; and 370 million kilowatts of new renewable energy capacity was added. There are new breakthroughs in reform and opening up, with solid implementation of the reform deployments from the 20th Central Committee's second and third plenary sessions, comprehensive completion of institutional reforms, and the gradual introduction of major reform measures such as the establishment of a unified national market and the gradual delay of the statutory retirement age; all restrictions on foreign investment access in the manufacturing sector have been lifted, and trade and investment cooperation under the Belt and Road Initiative continues to expand and upgrade. Looking back over the past year, the achievements are hard-won. In the face of multiple difficulties and challenges, we have strengthened the implementation of existing policies, timely optimized macroeconomic regulation, and actively and effectively responded. In particular, we resolutely implemented the package of incremental policies decisively deployed at the Central Political Bureau meeting on September 26, which promoted a significant economic rebound and effectively boosted social confidence, facilitating the achievement of annual goals and laying a good foundation for this year's development. In this process, we deepened our understanding of the regularities of economic work, further recognized that the centralized and unified leadership of the Party Central Committee is the fundamental guarantee for doing a good job in economic work, and that we must coordinate the relationships between an effective market and a proactive government, total supply and total demand, cultivating new momentum and renewing old momentum, optimizing increments and revitalizing stock, and improving quality and expanding total volume. Practice once again shows that under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, the whole country is united in tackling challenges, and there are no insurmountable obstacles to China's development Li Qiang introduced in the government work report that over the past year, macroeconomic regulation has been strengthened and innovated in response to changing circumstances, promoting economic recovery and improvement On the 5th, Premier Li Qiang introduced in the government work report that over the past year, unwaveringly deepening reform and expanding opening-up has enhanced the internal driving force for development. Regulations that hinder the unified national market have been cleaned up and abolished, fair competition review regulations have been formulated and implemented, and measures to regulate local investment promotion have been introduced. The reform of state-owned enterprises has been deepened, and the layout of the state-owned economy has been continuously optimized. A draft law to promote the private economy has been submitted to the Standing Committee of the National People's Congress for review to improve the development environment for the private economy. Actively expanding new growth points in foreign trade, the structure of imports and exports has been continuously optimized, and the contribution of foreign trade exports to economic growth has increased. The negative list for cross-border service trade has been fully implemented. Pilot projects for value-added telecommunications, biotechnology, and wholly-owned hospitals have been launched. Unilateral opening efforts have been intensified, granting zero-tariff treatment to products from all least developed countries that have diplomatic relations with China. The scope of countries with unilateral visa exemptions has been expanded, with the transit visa-free stay extended to 240 hours, and inbound tourism has continued to heat up. The high-quality joint construction of the "Belt and Road" initiative has achieved remarkable results, with a number of major projects and livelihood projects being steadily implemented. Li Qiang introduced in the government work report that over the past year, innovation-driven development has been vigorously promoted, facilitating the optimization and upgrading of the industrial structure On the 5th, Premier Li Qiang introduced in the government work report that over the past year, innovation-driven development has been vigorously promoted, facilitating the optimization and upgrading of the industrial structure. The construction of a strong technological nation has been advanced, with the comprehensive launch and implementation of major national science and technology projects, accelerating the improvement of major scientific and technological infrastructure systems, and strengthening the cultivation of top innovative talents. The operation of the industrial economy has been stabilized, and the technological transformation and upgrading of the manufacturing industry have been promoted, with manufacturing investment growing by 9.2%. A new batch of national-level advanced manufacturing clusters has been cultivated, and emerging industries such as commercial aerospace, BeiDou applications, and new energy storage have developed rapidly. Mandatory national standards for environmental protection, safety, and other areas have been formulated and revised. The construction of a digital China has been accelerated, with the added value of core industries in the digital economy accounting for about 10% of GDP. Li Qiang introduced in the government work report that over the past year, coordinated urban-rural and regional development has been planned, optimizing the economic layout On the 5th, Premier Li Qiang introduced in the government work report that over the past year, coordinated urban-rural and regional development has been planned, optimizing the economic layout. A five-year action plan for a new urbanization strategy has been implemented, solidly promoting urban renewal, with the urbanization rate of the resident population increasing to 67%. Efforts have been made to strengthen the agricultural foundation, with disaster prevention and reduction and comprehensive production capacity steadily improving, and new achievements in rural revitalization. A series of regional development policies have been introduced, a number of major regional projects have been implemented, and the main functional area system and policies have been improved, achieving new progress in regional integrated development. Li Qiang introduced in the government work report that over the past year, active development of social undertakings has been pursued, enhancing the well-being of the people On the 5th, Premier Li Qiang introduced in the government work report that over the past year, active development of social undertakings has been pursued, enhancing the well-being of the people. Policies and measures to promote high-quality and full employment have been introduced, strengthening support for enterprises to absorb employment, with stable employment for key groups such as college graduates, poverty alleviation populations, and migrant workers. The construction of a strong educational nation has been promoted. The living subsidy standard for economically disadvantaged students in compulsory education has been raised. National scholarships and grants have been increased and expanded, and student loans have been raised with reduced interest rates, benefiting over 34 million students Consolidate the achievements of the "double reduction" policy and continuously optimize the basic education ecosystem. Promote mutual recognition of inspection and testing results among medical institutions, and expand the types of medications for chronic and common diseases at the grassroots level. Solidly carry out the prevention and control of key infectious diseases. Expand the scope of mutual assistance for employees' medical insurance personal accounts. Increase the basic pension for urban and rural residents and retirees. Deepen the reform of elderly care services and formulate policies to promote the development of the silver economy. Strengthen the protection of the rights and interests of people with disabilities. Raise the standards for preferential treatment subsidies. Improve the mechanism for determining and adjusting the minimum living standard, and expand the scope of assistance recipients. Provide a one-time living subsidy to disadvantaged groups, benefiting over 11 million people. Improve the national holiday and commemorative day leave policy. Prosper and develop cultural undertakings and the cultural industry, with the cultural and tourism market remaining active. Solidly prepare for the 9th Asian Winter Games and successfully host the 12th National Traditional Sports Games for Ethnic Minorities, with Chinese athletes achieving the best overseas competition results at the Paris Olympics. Li Qiang introduced in the government work report that over the past year, efforts have been made to strengthen ecological and environmental protection and enhance green and low-carbon development levels On the 5th, Premier Li Qiang introduced in the government work report that over the past year, efforts have been made to strengthen ecological and environmental protection and enhance green and low-carbon development levels. Strengthen comprehensive governance of the ecological environment, with the discharge of major pollutants continuing to decline. Deeply implement major projects for the protection and restoration of important ecosystems, with areas of desertification and land degradation continuing to "double reduce." Promote energy-saving and carbon-reduction transformations in key industries, advance the development and utilization of new energy, with the proportion of non-fossil energy power generation approaching 40% of total power generation. Launch a national voluntary greenhouse gas emission reduction trading market. The national carbon emission trading market is becoming more active. Li Qiang introduced in the government work report that over the past year, efforts have been made to strengthen government construction and governance innovation, maintaining social harmony and stability On the 5th, Premier Li Qiang introduced in the government work report that over the past year, efforts have been made to strengthen government construction and governance innovation, maintaining social harmony and stability. Implement the strategic deployment of the Party Central Committee for comprehensive and strict governance of the Party, strictly implement the spirit of the Central Eight Regulations, solidly carry out Party discipline education, vigorously rectify formalism, effectively reduce the burden on grassroots, deeply govern the unhealthy practices around the masses, and continuously strengthen Party conduct, integrity, and anti-corruption efforts. Deepen the promotion of law-based administration. Submit 19 legal proposals for review by the Standing Committee of the National People's Congress and formulate or revise 28 administrative regulations. Consciously accept supervision according to law. Seriously handle suggestions from NPC representatives and proposals from CPPCC members. Strengthen supervision of administrative law enforcement and standardize administrative inspections involving enterprises. Launch two batches of key item lists for "efficiently completing one matter," promoting an overall improvement in online and offline service capabilities. Conduct comprehensive inspections to promote high-quality development. Innovate and improve social governance. Strengthen the investigation and resolution of conflicts and disputes, and promote the legalization of petition work. Strengthen emergency management and production safety, carrying out comprehensive rectification of safety hazards related to gas, electric bicycles, and other areas. Effectively prevent and respond to natural disasters such as floods, typhoons, and earthquakes. Improve the national security system. Strictly prevent extreme incidents, punish serious crimes according to law, and fully ensure the safety of people's lives and property and social stability. Li Qiang introduced in the government work report that over the past year, China's major country diplomacy with Chinese characteristics has opened a new situation On the 5th, Premier Li Qiang introduced in the government work report that in the past year, China's major-country diplomacy with Chinese characteristics has opened up new horizons. President Xi Jinping and other party and state leaders visited multiple countries and attended major multilateral and bilateral events such as the Shanghai Cooperation Organization Summit, BRICS Leaders' Meeting, APEC Leaders' Informal Meeting, G20 Leaders' Summit, and East Asia Cooperation Leaders' Series Meetings. Successfully held major diplomatic events such as the Beijing Summit of the Forum on China-Africa Cooperation, the 70th Anniversary of the Five Principles of Peaceful Coexistence, and the Ministerial Meeting of the China-Arab States Cooperation Forum. Promoted the building of a community with a shared future for mankind, consolidated and expanded global partnerships, adhered to true multilateralism, and played a positive and constructive role in addressing global challenges and resolving international and regional hotspot issues. China has made significant contributions to promoting world peace and development. Li Qiang pointed out in the government work report that the achievements made in the past year fundamentally stem from General Secretary Xi Jinping's leadership and the scientific guidance of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era. On the 5th, Premier Li Qiang pointed out in the government work report that the achievements made in the past year fundamentally stem from General Secretary Xi Jinping's leadership and the scientific guidance of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, which is the result of the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core and the united efforts of the entire Party, the armed forces, and people of all ethnic groups across the country. Li Qiang pointed out in the government work report that we must face difficulties squarely while also strengthening our confidence in development. On the 5th, Premier Li Qiang stated in the government work report that while affirming achievements, we must also be clear-eyed about the problems and challenges we face. From an international perspective, the world is undergoing a century of changes at an accelerated pace, and the external environment is becoming increasingly complex and severe, which may have a greater impact on our trade, technology, and other fields. The world economy lacks growth momentum, unilateralism and protectionism are intensifying, the multilateral trading system is obstructed, tariff barriers are increasing, and the stability of global industrial and supply chains is being impacted, hindering international economic circulation. Geopolitical tensions remain high, affecting global market expectations and investment confidence, exacerbating risks of volatility in international markets. Domestically, the foundation for economic recovery is still unstable, effective demand is insufficient, especially in terms of weak consumption. Some enterprises are facing operational difficulties, and issues of overdue payments remain prominent. There is pressure on employment and income for the public. There are shortcomings in the field of people's livelihoods. Some local grassroots finances are under strain. The work of resolving social conflicts and preventing risks needs to be strengthened. Government efficiency and the capacity for law-based administration need to be improved. Some work lacks coordination and cooperation, with some policies being implemented slowly and not achieving expected results. Some departments have weak service concepts and low efficiency. Some officials are either acting improperly, not acting, or not acting effectively, and corruption issues remain prevalent in some areas and localities. We must face difficulties squarely while also strengthening our confidence in development. Our country has significant institutional advantages, a super-large-scale market, a complete industrial system, abundant human resources, effective governance mechanisms with long-term planning, scientific regulation, and coordination from top to bottom, as well as vast incremental space for demand upgrading, structural optimization, and momentum transformation. The long-term positive trend of our economy has not changed and will not change. Our economic ship will surely sail steadily and far, riding the winds and breaking the waves! Li Qiang proposed the overall requirements for economic and social development in this year's government work report On the 5th, Premier Li Qiang pointed out in the government work report that this year marks the final year of the 14th Five-Year Plan. To carry out government work well, we must be guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, fully implement the spirit of the 20th National Congress of the Communist Party of China and the second and third plenary sessions of the 20th Central Committee, adhere to the general principle of seeking progress while maintaining stability, comprehensively and accurately implement the new development concept, accelerate the construction of a new development pattern, solidly promote high-quality development, further deepen reforms comprehensively, expand high-level opening up, build a modern industrial system, better coordinate development and security, implement more proactive and effective macro policies, expand domestic demand, promote the integrated development of technological innovation and industrial innovation, stabilize the real estate and stock markets, prevent and resolve risks in key areas and external shocks, stabilize expectations, stimulate vitality, promote sustained economic recovery and improvement, continuously improve people's living standards, maintain social harmony and stability, achieve high-quality completion of the goals and tasks of the 14th Five-Year Plan, and lay a solid foundation for a good start to the 15th Five-Year Plan. Li Qiang proposed the main expected goals for development this year in the government work report On the 5th, Premier Li Qiang proposed that the main expected goals for development this year are: a GDP growth of around 5%; an urban survey unemployment rate of around 5.5%, with over 12 million new urban jobs; a consumer price increase of around 2%; synchronization of residents' income growth with economic growth; maintaining basic balance in international payments; a grain output of about 1.4 trillion jin; a reduction of energy consumption per unit of GDP by around 3%, and continuous improvement in ecological and environmental quality. The above expected goals take into account domestic and international situations and various factors, balancing needs and possibilities. The economic growth target of around 5% is necessary for stabilizing employment, preventing risks, and benefiting people's livelihoods, and is supported by economic growth potential and favorable conditions, aligning with medium- and long-term development goals, highlighting a clear orientation of facing challenges and striving for progress. The urban survey unemployment rate of around 5.5% reflects the need to strengthen employment stability in the context of more prominent total employment and structural contradictions. The consumer price increase of around 2% aims to improve supply and demand relationships through the joint action of various policies and reforms, keeping the overall price level within a reasonable range. Achieving these goals will not be easy and will require hard work. Li Qiang proposed the policy orientation for economic and social development this year in the government work report On the 5th, Premier Li Qiang proposed that we will adhere to seeking progress while maintaining stability, promoting stability through progress, maintaining integrity and innovation, establishing first and breaking later, system integration, and collaborative cooperation, enriching and improving the policy toolbox, dynamically adjusting policies based on changes in the situation, and enhancing the foresight, relevance, and effectiveness of macroeconomic regulation. We will focus on goal orientation, grasp policy direction, emphasize timing and intensity, strengthen systematic thinking, and enhance the effectiveness of macro policy implementation. We will implement a more proactive fiscal policy. We will coordinate the arrangement of various fiscal funds such as revenue and bonds to ensure that fiscal policy continues to exert force and is more effective. This year's deficit ratio is planned to be arranged at around 4%, an increase of 1 percentage point from the previous year, with a deficit scale of 5.66 trillion yuan, an increase of 1.6 trillion yuan from the previous year. The scale of general public budget expenditure is 29.7 trillion yuan, an increase of 1.2 trillion yuan from the previous year It is proposed to issue ultra-long-term special government bonds worth 1.3 trillion yuan, an increase of 300 billion yuan compared to the previous year. It is proposed to issue special government bonds worth 500 billion yuan to support state-owned large commercial banks in replenishing capital. It is planned to arrange local government special bonds of 4.4 trillion yuan, an increase of 500 billion yuan compared to the previous year, focusing on investment construction, land reserve, acquisition of existing commercial housing, and settling accounts payable owed by local governments to enterprises, among other uses. This year, the total scale of newly added government debt is 11.86 trillion yuan, an increase of 2.9 trillion yuan compared to the previous year, with a significant increase in fiscal expenditure intensity. Efforts should be made to accelerate the allocation and disbursement of various funds to quickly form actual expenditures. Continuously optimize the expenditure structure, pay more attention to benefiting people's livelihoods, promoting consumption, and increasing momentum, effectively improving the efficiency of fund utilization. The central government will increase general transfer payments to local governments, with a tilt towards difficult and underdeveloped areas. Strictly implement tiered guarantee responsibilities to solidify the bottom line of the "three guarantees" at the grassroots level. The government should live frugally, promote scientific fiscal management, uphold financial discipline, prohibit extravagance and waste, and free up more funds for development needs and people's livelihoods. Implement a moderately loose monetary policy. Effectively utilize the dual functions of monetary policy tools in terms of both total volume and structure, timely reduce the reserve requirement ratio and interest rates, maintain ample liquidity, and ensure that the growth of social financing scale and money supply aligns with economic growth and the expected target for overall price levels. Optimize and innovate structural monetary policy tools to promote the healthy development of the real estate and stock markets with greater intensity, and increase support for technological innovation, green development, boosting consumption, as well as private and small micro enterprises. Further smooth the transmission channels of monetary policy, improve the interest rate formation and transmission mechanisms, implement policies for renewal of loans without repayment of principal, and strengthen support measures such as financing credit enhancement and risk sharing. Promote a decrease in the overall financing costs for society, and enhance the accessibility and convenience of financial services. Maintain basic stability of the RMB exchange rate at a reasonable and balanced level. Expand the macro-prudential and financial stability functions of the central bank, innovate financial tools, and maintain stability in the financial markets. Strengthen the people-oriented direction of macro policies. Adhere to a people-centered approach, shifting the focus of economic policies more towards benefiting people's livelihoods and promoting consumption, using consumption to boost economic circulation, and leading industrial upgrades through consumption upgrades, thereby creating new economic growth points while ensuring and improving people's livelihoods. Promote more financial resources to "invest in people" and serve people's livelihoods, support job expansion, promote income growth and reduce burdens for residents, and strengthen consumption incentives, forming a virtuous cycle of economic development and improvement of people's livelihoods. Implement a "combination punch" of policies. Strengthen the coordination of fiscal, monetary, employment, industrial, regional, trade, environmental, regulatory policies, and their coordination with reform and opening-up measures to enhance policy synergy. Improve and effectively utilize the assessment mechanism for the consistency of macro policy orientation, integrating economic and non-economic policies into a unified consistency assessment, coordinating the entire process of policy formulation and execution, and enhancing the matching of policy objectives, tools, timing, intensity, and rhythm. Policies should be implemented as early as possible, prioritizing timeliness to seize opportunities amidst various uncertainties, and once a decision is made, provide sufficient support to enhance policy effectiveness. Strengthen vertical coordination and horizontal collaboration to ensure smooth connections from the "first kilometer" to the "last kilometer" of policy implementation. Pay attention to listening to market voices, collaboratively promote policy implementation and expectation guidance, and shape positive social expectations Li Qiang pointed out in the government work report that to achieve this year's goals and tasks, it is necessary to deeply implement Xi Jinping's economic thought and achieve effective qualitative improvement and reasonable quantitative growth. On the 5th, Premier Li Qiang pointed out in the government work report that to achieve this year's goals and tasks, it is necessary to deeply implement Xi Jinping's economic thought, focus on high-quality development as the primary task, adhere to the unity of winning by quality and leveraging scale effects, and achieve effective qualitative improvement and reasonable quantitative growth. Firmly implement the strategy of expanding domestic demand, strengthen the domestic circulation, and expand international cooperation space through opening up, achieving mutual promotion and positive interaction between domestic and international dual circulation at a higher level. Continuously deepen supply-side structural reforms, focus on solving structural contradictions in consumption supply, and pay more attention to leading demand and creating demand with high-quality supply. Adhere to further comprehensively deepening reforms to mobilize enthusiasm from all aspects and stimulate the innovative and creative vitality of the whole society. Li Qiang proposed in the government work report to vigorously boost consumption, improve investment efficiency, and comprehensively expand domestic demand. On the 5th, Premier Li Qiang introduced this year's government work tasks in the government work report, proposing to vigorously boost consumption, improve investment efficiency, and comprehensively expand domestic demand. Promote better integration of consumption and investment, accelerate the filling of shortfalls in domestic demand, especially in consumption, making domestic demand the main driving force and stabilizing anchor for economic growth. Implement special actions to boost consumption. Formulate special measures to enhance consumption capacity, increase quality supply, and improve the consumption environment, releasing the potential for diversified and differentiated consumption, and promoting the quality upgrade of consumption. Promote income growth for residents through multiple channels, support income growth and burden reduction for low- and middle-income groups, and improve the normal growth mechanism for workers' wages. Arrange for 300 billion yuan of ultra-long-term special government bonds to support the replacement of old consumer goods with new ones. Start from relaxing access, reducing restrictions, and optimizing supervision to expand diversified service supply in health, elderly care, childcare, and housekeeping. Innovate and enrich consumption scenarios, accelerate the development of new types of consumption such as digital, green, and intelligent. Implement and optimize the vacation system to release the consumption potential in culture, tourism, and sports. Improve duty-free shop policies to promote the expansion of inbound consumption. Deepen the construction of international consumption center cities and improve the commercial system in counties. Improve the comprehensive consumption statistics system. Strengthen consumer rights protection and create a safe and reassuring consumption environment. Actively expand effective investment. Closely align with national development strategies and people's livelihood needs, effectively utilize various government investment tools, strengthen the coordination between finance and fiscal policies, enhance project reserves and factor guarantees, accelerate the implementation of key projects, and ensure the smooth completion of major projects in the "14th Five-Year Plan." Accurately select and manage projects, ensure proper use of funds, guarantee funding needs for ongoing projects, and resolutely prevent inefficient and ineffective investments. This year, the central budget investment is planned to be 735 billion yuan. Make good use of ultra-long-term special government bonds, strengthen ultra-long-term loans and other supporting financing, enhance top-down organization and coordination, and provide greater support for "two heavy" constructions. Optimize the management mechanism for local government special bonds, implement negative list management for investment directions, and delegate project review authority. Simplify investment approval processes and establish a sound cross-departmental and cross-regional coordination mechanism for major projects. Increase investment in the service industry. Support and encourage the development of private investment, standardize the implementation of new mechanisms for government and social capital cooperation, and guide more private capital to participate in the construction of major infrastructure and social livelihood fields, allowing private capital to have more room for development Li Qiang proposed in the government work report to develop new quality productivity according to local conditions and accelerate the construction of a modern industrial system On the 5th, Premier Li Qiang introduced this year's government work tasks in the government work report, proposing to develop new quality productivity according to local conditions and accelerate the construction of a modern industrial system. Promote the integrated development of technological innovation and industrial innovation, vigorously advance new-type industrialization, strengthen and expand advanced manufacturing, actively develop modern service industries, and promote the accumulation of new momentum and the renewal and upgrading of traditional momentum. Cultivate and expand emerging industries and future industries. Deeply promote the integrated cluster development of strategic emerging industries. Carry out large-scale application demonstration actions for new technologies, new products, and new scenarios, and promote the safe and healthy development of emerging industries such as commercial aerospace and low-altitude economy. Establish a growth mechanism for future industry investment, cultivating future industries such as biomanufacturing, quantum technology, embodied intelligence, and 6G. Deepen the pilot projects for the integrated development of advanced manufacturing and modern service industries, and accelerate the development of service-oriented manufacturing. Strengthen industrial overall planning and capacity monitoring and early warning, promote orderly industrial development and healthy competition. Accelerate the innovative development of national high-tech zones. Gradually cultivate innovative enterprises, promote the development and growth of specialized, refined, distinctive, and innovative small and medium-sized enterprises, support the development of unicorn and gazelle enterprises, and enable more companies to accelerate in new fields and new tracks. Promote the transformation and upgrading of traditional industries. Accelerate the high-quality development of key industrial chains in manufacturing, strengthen the reconstruction of industrial foundations and major technological equipment breakthroughs. Further expand the scope and lower the thresholds, deeply implement major technological transformation and upgrading of manufacturing and large-scale equipment renewal projects. Accelerate the digital transformation of manufacturing, cultivate a batch of service providers who understand both the industry and digitalization, and increase support for the digital transformation of small and medium-sized enterprises. Carry out standard enhancement actions to lead the optimization and upgrading of traditional industries. Deeply promote the manufacturing industry's work on "increasing varieties, improving quality, and creating brands," strengthen comprehensive quality management, and create famous products, fine products, and classic industries. Stimulate the innovative vitality of the digital economy. Continue to promote the "Artificial Intelligence +" action, better combine digital technology with manufacturing advantages and market advantages, support the widespread application of large models, and vigorously develop new generation intelligent terminals such as smart connected new energy vehicles, artificial intelligence smartphones and computers, and intelligent robots, as well as intelligent manufacturing equipment. Expand the large-scale application of 5G, accelerate the innovative development of industrial internet, optimize the layout of national computing power resources, and create internationally competitive digital industry clusters. Accelerate the improvement of data infrastructure systems, deepen the development and utilization of data resources, and promote and regulate cross-border data flow. Promote the standardized and healthy development of the platform economy, better play its positive role in promoting innovation, expanding consumption, and stabilizing employment. Li Qiang proposed in the government work report to deeply implement the strategy of invigorating the country through science and education and enhance the overall effectiveness of the national innovation system On the 5th, Premier Li Qiang introduced this year's government work tasks in the government work report, proposing to deeply implement the strategy of invigorating the country through science and education and enhance the overall effectiveness of the national innovation system. Adhere to innovation-driven development, promote the integrated advancement of education development, technological innovation, and talent cultivation, and strengthen the foundational and strategic support for Chinese-style modernization. Accelerate the construction of a high-quality education system. Formulate and implement a three-year action plan for building a strong education nation. Fully implement the moral education project in the new era, promote the integrated reform and innovation of ideological and political courses in primary, secondary, and higher education. Deeply implement the project to improve and enhance the quality of basic education, and establish a resource allocation mechanism that adapts to population changes Strengthen the standardized construction of compulsory education schools, promote high-quality and balanced development of compulsory education, expand the supply of high school education degrees, and gradually implement free preschool education. Provide quality special education, continuing education, and specialized education, and guide the standardized development of private education. Promote the integration of vocational and general education, as well as the integration of industry and education, to enhance the adaptability of vocational education. Advance the reform of higher education institutions in a classified manner, solidly expand high-quality undergraduate education, accelerate the construction of "Double First-Class" (world-class universities and disciplines), and improve the mechanism for adjusting discipline settings and talent training models. Popularize mental health education. Build a high-quality and professional teaching workforce, strengthen the construction of teacher ethics and professional conduct, and ensure teacher compensation. Education reform and development should closely revolve around national needs and public concerns, accelerating the transition from a major education country to a strong education country. Promote high-level technological self-reliance and strength. Fully leverage the advantages of the new type of national system, strengthen the tackling of key core technologies and the research and development of cutting-edge and disruptive technologies, and accelerate the organization and implementation of major technological projects. Optimize the layout of national strategic scientific and technological forces, promote the reform of research institutions, explore new organizational models for national laboratories, and enhance the radiation and driving capacity of international and regional scientific and technological innovation centers. Shift technological spending towards basic research, improve the investment mechanism that combines competitive support with stable support, and increase the organizational level of basic research. Leverage the leading role of leading technology enterprises, strengthen the deep integration of industry, academia, and research led by enterprises, and institutionally guarantee enterprise participation in national technological innovation decision-making and undertaking major technological projects. Improve the allocation and management mechanism of central government financial support for science and technology. Establish sound policies and market services for the transformation of scientific and technological achievements, promote the empowerment of job-related scientific and technological achievements and the reform of separate asset management, and enhance the effectiveness of the transformation of scientific and technological achievements. Strengthen the protection and utilization of intellectual property rights. Accelerate the construction of concept verification, pilot verification, and industry common technology platforms. Improve the differentiated regulatory system for venture capital funds, strengthen policy financial support, accelerate the development of venture capital, and expand patient capital. Expand scientific and technological open cooperation. Strengthen science popularization efforts and enhance citizens' scientific literacy. Promote the spirit of scientists and foster an innovative environment that encourages exploration and tolerates failure. Comprehensively improve the quality of the talent workforce. Leverage the radiation effect of talent hubs and platforms, accelerate the construction of national strategic talent forces, and strengthen the cultivation of top innovative talents, urgently needed talents in key areas, and high-skilled talents. Vigorously support and boldly utilize young scientific and technological talents. Build a first-class industrial technical workforce. Improve the support and guarantee mechanism for introducing overseas talents and optimize services for foreign talents. Deepen the reform of talent management and utilization systems, grant greater autonomy to employers, and promote joint training and exchange of talents between industry, academia, and research. Promote a reasonable regional layout of talents and strengthen collaboration among talents in the eastern, central, and western regions. Deepen the reform of classified talent evaluation and governance of "hats" in the science and education community, establish a talent evaluation system oriented towards innovation capability, quality, effectiveness, and contribution, and encourage various talents to focus on research and accumulate knowledge. Li Qiang proposed in the government work report to accelerate the implementation of landmark reform measures and better leverage the guiding role of economic system reform. On the 5th, Premier Li Qiang introduced this year's government work tasks in the government work report, proposing to accelerate the implementation of landmark reform measures and better leverage the guiding role of economic system reform. Solidly advance reforms in key areas, focus on breaking down institutional and mechanism barriers that hinder development, and create a fairer and more vibrant market environment Effectively stimulate the vitality of various business entities. Adhere to and implement the "two unwavering commitments." Complete the deepening and enhancement actions of state-owned enterprise reform with high quality, implement guidelines for optimizing the layout and structural adjustment of the state-owned economy, and accelerate the establishment of a performance evaluation system for state-owned enterprises to fulfill their strategic missions. Solidly implement policies and measures to promote the development of the private economy, effectively protect the legitimate rights and interests of private enterprises and entrepreneurs in accordance with the law, and encourage qualified private enterprises to establish and improve the modern enterprise system with Chinese characteristics. Strengthen efforts to clear overdue corporate accounts receivable, enhance source governance and punishment for dishonesty, and implement a long-term mechanism to resolve overdue corporate accounts receivable issues. Deepen regular communication and exchanges between government and enterprises, and effectively help enterprises solve practical difficulties and problems. Support the development of individual industrial and commercial households. Carry out special actions to standardize law enforcement related to enterprises, focusing on rectifying arbitrary charges, fines, inspections, and seizures, and resolutely prevent illegal cross-regional law enforcement and profit-driven law enforcement. The government should integrate management into services, enhancing enterprises' confidence through warm services. Deepen the construction of a unified national market. Accelerate the establishment and improvement of basic institutional rules, eliminate local protectionism and market segmentation, unblock the bottlenecks and obstacles restricting economic circulation in terms of market access and exit, and factor allocation, and comprehensively rectify "involution" competition. Implement guidelines for the construction of a unified national market, revise and issue a new version of the negative list for market access, and optimize the market access environment for new business formats and new fields. Formulate compliance guidelines for fair competition in key areas, and reform and improve the bidding and tendering system. Introduce policies to improve the social credit system and establish a unified credit repair system. Improve the simplified exit system for enterprises and gradually promote the statistical activities of business entities based on their location. Accelerate the construction of a unified and open transportation market and implement special actions to reduce logistics costs for the entire society. Deepen reforms in the fiscal, tax, and financial systems. Carry out pilot projects for zero-based budgeting in central departments, support local governments in deepening zero-based budgeting reforms, and actively innovate in key systems such as expenditure standards and performance evaluation. Accelerate the advancement of shifting some consumption tax collection links to local governments, increasing local fiscal autonomy. Standardize tax incentive policies. Actively explore the establishment of incentive mechanisms to promote local governments in cultivating financial resources through high-quality development. Strictly control the scale of government-funded personnel. Improve the standard system and basic institutions for technology finance, green finance, inclusive finance, pension finance, and digital finance. Deepen comprehensive reforms in capital market investment and financing, vigorously promote the entry of medium- and long-term funds into the market, and strengthen the reserve of strategic forces and the construction of market stabilization mechanisms. Reform and optimize the stock issuance and listing and merger and acquisition systems. Accelerate the development of a multi-tiered bond market. Li Qiang proposed in the government work report to expand high-level opening up and actively stabilize foreign trade and foreign investment. On the 5th, Premier Li Qiang introduced this year's government work tasks in the government work report, proposing to expand high-level opening up and actively stabilize foreign trade and foreign investment. Regardless of how the external environment changes, we will always adhere to the unwavering commitment to opening up, steadily expand institutional opening, and orderly expand autonomous and unilateral opening, promoting reform and development through opening up. Stabilize the development of foreign trade. Increase the strength of policies to stabilize foreign trade and support enterprises in stabilizing orders and expanding markets. Optimize financial services such as financing, settlement, and foreign exchange, expand the scale and coverage of export credit insurance, and strengthen support for enterprises participating in overseas exhibitions. Promote the development of cross-border e-commerce, improve the cross-border delivery logistics system, and strengthen the construction of overseas warehouses. Expand the functions of overseas economic and trade cooperation zones, develop intermediate goods trade, and explore diversified markets Support the integrated development of domestic and foreign trade, and accelerate the resolution of issues related to standard certification, market channels, and other aspects. Promote innovative development of service trade, enhance the competitiveness of traditional advantageous services, encourage service exports, and expand the import of high-quality services. Cultivate new growth points such as green trade and digital trade, and support qualified regions in developing new types of offshore trade. Successfully organize major exhibitions such as the China International Import Expo, Canton Fair, China International Fair for Trade in Services, Digital Trade Expo, and Consumer Goods Expo. Advance the construction and cooperation of smart customs to improve the level of customs facilitation. Vigorously encourage foreign investment. Promote comprehensive pilot demonstrations for the expansion of the service industry, facilitate the orderly opening of sectors such as the internet and culture, and expand pilot openings in telecommunications, healthcare, and education. Encourage foreign investors to increase reinvestment and support participation in the upstream and downstream collaboration of the industrial chain. Ensure that foreign-funded enterprises enjoy national treatment in terms of factor acquisition, qualification licensing, standard formulation, and government procurement. Strengthen service guarantees for foreign-funded enterprises, accelerate the implementation of landmark projects, and continuously build the "Invest in China" brand. Promote the quality improvement and efficiency enhancement of free trade pilot zones and expand the authorization of reform tasks, accelerate the implementation of core policies for Hainan Free Trade Port, improve the open development policies of economic development zones, and promote the transformation and upgrading of comprehensive bonded zones. Continuously create a first-class business environment that is market-oriented, law-based, and internationalized, allowing foreign-funded enterprises to develop better. Promote high-quality co-construction of the "Belt and Road" initiative to deepen and solidify. Coordinate the advancement of major landmark projects and "small but beautiful" livelihood projects to form a batch of demonstrative cooperation results. Ensure the stable and smooth operation of the China-Europe Railway Express and accelerate the construction of new land-sea corridors in the west. Guide the healthy, safe, and orderly development of foreign investment, strengthen comprehensive overseas services in law, finance, logistics, and optimize the international cooperation layout of the industrial chain and supply chain. Deepen multilateral and regional economic cooperation. Continuously expand a global high-standard free trade zone network, promote the signing of the upgraded version of the China-ASEAN Free Trade Area 3.0 agreement, and actively promote the process of joining the Digital Economy Partnership Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Firmly maintain the multilateral trading system with the World Trade Organization at its core, expand the convergence points of interests with various countries, and promote common development. Li Qiang proposed in the government work report to effectively prevent and resolve risks in key areas, firmly uphold the bottom line of not allowing systemic risks to occur. On the 5th, Premier Li Qiang introduced this year's government work tasks in the government work report, proposing to effectively prevent and resolve risks in key areas, firmly uphold the bottom line of not allowing systemic risks to occur. Better coordinate development and security, adhere to gradually resolving risks in the course of development, and strive to achieve a virtuous interaction between high-quality development and high-level security. Continue to make efforts to stabilize the real estate market. Implement city-specific policies to adjust restrictive measures, strengthen the implementation of urban village and dilapidated housing renovations, and fully unleash the potential of rigid and improvement housing demand. Optimize urban spatial structure and land use methods, and reasonably control the supply of new real estate land. Activate existing land and commercial office space, promote the acquisition of existing commercial housing, and grant city governments greater autonomy in terms of acquisition subjects, prices, and uses. Broaden the scope of re-loan usage for affordable housing. Leverage the role of the real estate financing coordination mechanism, continue to ensure the delivery of houses, and effectively prevent the risk of debt defaults by real estate companies. Build relevant foundational systems in an orderly manner and accelerate the establishment of a new model for real estate development. Adapt to the high-quality housing needs of the people, improve standards and specifications, and promote the construction of safe, comfortable, green, and smart "good houses." Safely resolve local government debt risks. Adhere to the principle of resolving debt through development and developing through debt resolution, improve and implement a package of debt resolution plans, optimize assessment and control measures, dynamically adjust the list of high-risk debt areas, and support the opening of new investment spaces. Follow the principles of scientific classification and precise replacement to carry out the replacement of local government implicit debts. Improve the government debt management system and resolutely curb the impulse to incur debts illegally. Accelerate the separation of local financing platform government financing functions, promote market-oriented transformation and debt risk resolution. Actively prevent financial sector risks. According to the principles of marketization and rule of law, advance the risk disposal and transformation development of local small and medium-sized financial institutions in an integrated manner, and comprehensively adopt measures such as supplementing capital, mergers and acquisitions, and market exit to classify and resolve risks. Improve the functional positioning and governance mechanisms of small and medium-sized financial institutions, and promote differentiated and connotative development. Improve the financial regulatory system, strengthen the coordination between central and local supervision, and maintain a high-pressure crackdown on illegal financial activities. Enrich risk mitigation resources such as deposit insurance funds and financial stability guarantee funds. Improve plans to respond to external risk shocks and effectively maintain financial security and stability. Li Qiang proposed in the government work report to focus on "Three Rural Issues" and promote comprehensive rural revitalization. On the 5th, Premier Li Qiang introduced this year's government work tasks in the government work report, proposing to focus on "Three Rural Issues" and promote comprehensive rural revitalization. Prioritize the development of agriculture and rural areas, learn from and apply the experience of the "Ten Million Project," improve the support system for strengthening agriculture, benefiting farmers, and enriching farmers, and make every effort to promote agricultural efficiency, rural vitality, and farmers' income growth. Continuously enhance the capacity for stable production and supply of important agricultural products such as grain. Stabilize the area planted with grain, focusing on increasing yield and quality. Consolidate the results of expanding soybean cultivation and explore the potential for increasing oilseed production. Promote stable production and quality improvement of cotton, sugar, and rubber. Support the stable development of animal husbandry and fisheries, and support the development of modern facility agriculture, fully developing food resources. Strictly adhere to the red line for arable land and manage the balance of occupation and compensation rigorously. Promote high-quality construction of high-standard farmland, strengthen agricultural water conservancy facilities and modern irrigation area construction, and advance the governance of degraded arable land. Deeply implement the seed industry revitalization action. Accelerate the research and application of advanced and applicable agricultural machinery and the large-scale promotion of agricultural scientific and technological achievements. Implement comprehensive measures to keep the prices of important agricultural products such as grain at a reasonable level. Launch inter-provincial horizontal benefit compensation for grain production and sales areas under central coordination, increase support for major grain-producing counties, and protect the enthusiasm of grain-producing farmers and major grain-producing areas. All regions must firmly shoulder the responsibility of ensuring national food security and work together to hold the rice bowl more firmly. Unwaveringly consolidate and expand the achievements of poverty alleviation. Improve the effectiveness of monitoring and assistance, continuously consolidate and enhance the "three guarantees" and drinking water safety achievements, and ensure that large-scale return to poverty does not occur. Strengthen follow-up support for relocation, classify and promote the quality and efficiency of assisted industries, increase employment assistance efforts, and expand the scale of work-for-relief programs. Deepen cooperation between the east and west, targeted assistance, and consumption assistance. Improve the long-term management mechanism for assets formed by national investment in poverty alleviation. Coordinate the establishment of mechanisms to prevent return to poverty in rural areas and a tiered and classified assistance system for low-income populations and underdeveloped areas, conduct overall assessments of the effective connection between consolidating and expanding poverty alleviation achievements and rural revitalization, and improve the post-transition assistance policy system Solidly promote rural reform and development. Consolidate and improve the basic operating system of rural areas, orderly advance the pilot program for extending the second round of land contracts for another 30 years after expiration, and expand the scope of provincial pilots. Improve the price formation mechanism for the transfer of contracted land management rights and enhance the quality and efficiency of agricultural social services. Develop a new type of rural collective economy. Innovate the investment and financing mechanism for rural revitalization. Strengthen the rural talent team. Deepen reforms in collective forest rights, agricultural reclamation, supply and marketing cooperatives, and agricultural water pricing. Promote integrated development of industries, strong counties, and wealth for the people according to local conditions, make good use of "local specialties," develop the under-forest economy, promote the extension and efficiency of rural characteristic industries, and broaden farmers' income channels. Strengthen the construction of a civilized rural atmosphere, enrich farmers' cultural lives, and promote changes in rural customs. Continuously improve rural infrastructure, public services, and living environments, and build livable and business-friendly beautiful villages. Li Qiang proposed in the government work report to promote new urbanization and regional coordinated development, further optimize the spatial development pattern On the 5th, Premier Li Qiang introduced this year's government work tasks in the government work report, proposing to promote new urbanization and regional coordinated development, and further optimize the spatial development pattern. Improve and implement the mechanism for regional coordinated development strategy, adhere to a people-centered approach to enhance the quality of urbanization, and build a regional economic layout and land space system with complementary advantages. Deeply implement the strategic action of new urbanization. Scientifically and orderly promote the urbanization of the agricultural transfer population, comprehensively advance the provision of basic public services in their place of residence, strengthen the guarantee of compulsory education for children accompanying migrant workers, promote the inclusion of eligible agricultural transfer populations into the housing security system, and facilitate access to social insurance. Accelerate the improvement of infrastructure and public service shortcomings in county towns, vigorously develop county economies, and enhance the integration level of urban and rural planning, construction, and governance. Develop modern metropolitan areas, enhance the modernization governance level of mega and super-large cities, and promote coordinated development of large, medium, and small cities and towns. Continuously promote urban renewal and the renovation of old urban communities, coordinate the redevelopment of inefficient urban land, accelerate the establishment of urban flood control and drainage systems, and strengthen the construction and collaborative management of gas, water supply and drainage, heating, and underground utility tunnels. Develop digital and intelligent infrastructure, improve barrier-free and elderly-friendly supporting facilities, enhance community comprehensive service functions, and create livable, resilient, and smart cities. Increase the implementation of regional strategies. Leverage the overlapping effects of regional coordinated development strategies, major regional strategies, and main functional area strategies to actively cultivate new growth poles. Deeply implement strategies such as the Western Development, comprehensive revitalization of the Northeast, accelerated rise of the Central region, and rapid modernization of the Eastern region. Enhance the innovation capabilities and radiation-driven effects of economically advantageous regions such as Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. Deeply promote the construction of the Yangtze River Economic Belt, ecological protection, and high-quality development of the Yellow River Basin. Support major economic provinces to take the lead, formulating supportive policies in areas such as factor security, technological innovation, and pioneering reforms and opening up. Encourage other regions to adapt to local conditions and showcase their strengths. Promote the construction of Xiong'an New Area with high standards and quality. Advance the deep and practical development of the Chengdu-Chongqing economic circle. Deepen industrial cooperation in the East, Central, West, and Northeast regions, and promote orderly gradient transfer of industries. Support the accelerated development of revolutionary old areas and ethnic regions, strengthen the construction of border areas, and promote prosperity and stability in border regions. Actively explore new paths for the transformation and development of resource-based areas. Vigorously develop the marine economy and build national marine economic development demonstration zones Li Qiang proposed in the government work report to collaboratively promote carbon reduction, pollution reduction, and green growth, accelerating the comprehensive green transformation of economic and social development On the 5th, Premier Li Qiang introduced this year's government work tasks in the government work report, proposing to collaboratively promote carbon reduction, pollution reduction, and green growth, and accelerate the comprehensive green transformation of economic and social development. Further deepen the reform of the ecological civilization system, coordinate industrial structure adjustment, pollution control, ecological protection, and climate change response, and promote ecological priority, conservation and intensive use, and green low-carbon development. Strengthen pollution prevention and ecological construction. Continue to advance the battle for blue skies, clear waters, and clean land. Formulate a comprehensive solid waste management action plan, strengthen the collaborative management of new pollutants and environmental risk control. Deeply implement ecological and environmental zoning control, coordinate the integrated protection and systematic governance of mountains, rivers, forests, fields, lakes, grasslands, and deserts, and comprehensively promote the construction of a natural protected area system with national parks as the main body, pushing for significant achievements in the "Three Norths" project landmark campaign. Implement major projects for biodiversity protection and firmly promote a ten-year fishing ban on the Yangtze River. Improve the ecological protection compensation and ecological product value realization mechanisms. Actively promote the construction of beautiful China pilot areas, continuously meet the people's new expectations for a good ecological environment. Accelerate the development of a green low-carbon economy. Improve the policy and standard system supporting green low-carbon development, creating a healthy development ecology for the green low-carbon industry. Deeply implement advanced technology demonstration projects for green low-carbon development, cultivating new growth points such as green buildings. Improve the total resource management and comprehensive conservation system, strengthen energy and water conservation management for key energy and water-consuming units, and effectively control high energy-consuming projects. Strengthen the recycling of waste materials and vigorously promote the use of recycled materials. Improve the green consumption incentive mechanism, promoting the formation of green low-carbon production and lifestyle. Actively and steadily promote carbon peaking and carbon neutrality. Solidly carry out the second batch of national carbon peaking pilot projects, establishing a number of zero-carbon parks and zero-carbon factories. Accelerate the construction of a dual control system for carbon emissions, expanding the industry coverage of the national carbon emission trading market. Carry out carbon emission statistics and accounting, establish a product carbon footprint management system and carbon labeling certification system, and actively respond to green trade barriers. Accelerate the construction of the "Shagehuang" new energy base, develop offshore wind power, and coordinate the construction of local consumption and external delivery channels. Carry out pilot demonstrations for the low-carbon transformation of coal-fired power. Plan a package of major projects to address climate change and actively participate in and lead global environmental and climate governance. Li Qiang proposed in the government work report to increase efforts to guarantee and improve people's livelihoods and enhance social governance effectiveness On the 5th, Premier Li Qiang introduced this year's government work tasks in the government work report, proposing to increase efforts to guarantee and improve people's livelihoods and enhance social governance effectiveness. Strengthen inclusive, foundational, and safety-net livelihood construction, steadily improve public services and social security levels, promote social harmony and stability, and continuously enhance the people's sense of gain, happiness, and security. Increase efforts to stabilize and expand employment. Employment is the foundation of people's livelihoods. It is necessary to improve the employment-first policy, increase the overall support for various funding resources, promote full employment, and improve employment quality. Implement employment support plans for key areas, key industries, urban and rural grassroots, and small and micro enterprises, making full use of policies such as job retention refunds, tax reductions, and employment subsidies. Support labor-intensive industries in absorbing and stabilizing employment, coordinate the application of new technologies and job transitions, and create new employment opportunities Optimize employment and entrepreneurship services, broaden employment and entrepreneurship channels for college graduates and other youth, ensure the placement and employment services for veterans, promote employment for poverty alleviation populations and migrant workers, and strengthen support for difficult employment groups such as older individuals, people with disabilities, and those who have been unemployed for a long time. Strengthen the protection of rights and interests for flexible employment and new forms of employment, and promote the expansion of pilot programs for occupational injury protection. Effectively ensure the payment of workers' wages, clean up and rectify wage arrears, and resolutely correct various forms of employment discrimination. Carry out large-scale vocational skills enhancement training actions to increase the supply of skilled talent in manufacturing and service industries that are in short supply. Accelerate the establishment of a skill-oriented wage distribution system, improve the treatment level of skilled personnel, and ensure that those who work more earn more, those with higher skills earn more, and innovators earn more. Strengthen basic medical and health services. Implement a health-first development strategy, promote the coordinated development and governance of medical care, medical insurance, and pharmaceuticals. Deepen the reform of public hospitals oriented towards public welfare, promote dynamic adjustments of staffing, establish a fee-charging mechanism dominated by medical services, and improve the salary system. Improve ward conditions and continuously enhance medical services centered around patients. Promote the expansion and balanced distribution of high-quality medical resources, and implement a strong foundation project for medical and health services. Strengthen the construction of professional teams in nursing, pediatrics, pathology, and geriatric medicine, and improve the mental health service system. Optimize the drug procurement policy, strengthen quality assessment and supervision, and ensure that the public can use medications with greater confidence. Improve the drug pricing formation mechanism, formulate a catalog of innovative drugs, and support the development of innovative drugs. Improve the mechanism for the inheritance and innovative development of traditional Chinese medicine, and promote the high-quality development of traditional Chinese medicine and its industry. Strengthen the construction of the disease prevention and control system, and coordinate the prevention and control of key infectious diseases. The per capita financial subsidy standard for resident medical insurance and basic public health service funding will be increased by 30 yuan and 5 yuan, respectively. Steadily promote provincial-level coordination of basic medical insurance, improve the financing and benefit adjustment mechanism for basic medical insurance, deepen the reform of medical insurance payment methods, and promote hierarchical diagnosis and treatment. Fully establish a drug and consumable traceability mechanism, strictly regulate medical insurance funds, and ensure that every penny is used to enhance the health and well-being of the people. Improve social security and service policies. The minimum standard for the basic pension for urban and rural residents will be increased by another 20 yuan, and the basic pension for retirees will be appropriately raised. Accelerate the development of the third pillar of pension insurance and implement the individual pension system effectively. Actively respond to population aging, improve the policy mechanism for developing the pension industry and services, and vigorously develop the silver economy. Promote community-supported home-based elderly care, strengthen care for elderly individuals with disabilities, increase support for elderly meal services, rehabilitation aids purchase and rental, expand inclusive elderly care services, and promote the development of rural elderly care services. Accelerate the establishment of a long-term care insurance system. Formulate policies to promote childbirth, distribute childcare subsidies, vigorously develop integrated childcare services, and increase the supply of inclusive childcare services. Steadily implement a gradual delay in the statutory retirement age reform. Ensure the preferential treatment and compensation for military personnel, their families, veterans, and other beneficiaries. Strengthen care services for children in difficult situations, migrant children, and left-behind children. Provide care services for severely disabled individuals, and enhance the level of disability prevention and rehabilitation services. Strengthen dynamic monitoring of low-income populations and regular assistance and support, improve the layered and classified social assistance system, and ensure the basic living standards of disadvantaged groups. Strengthen the construction of spiritual civilization. Improve the system and mechanism for cultivating and practicing socialist core values, and promote mass spiritual civilization creation and civic moral construction. Develop philosophy and social sciences, news publishing, broadcasting and television, literature and art, and archives, and strengthen think tank construction Deepen the national reading campaign. Strengthen and improve the ideological and moral construction of minors. Improve the long-term mechanism for network ecological governance, develop a positive and healthy online culture, and promote the construction of a strong networked country in the new era. Improve the public cultural service system, and promote high-quality cultural resources to reach the grassroots. Improve the cultural industry system and market system, and accelerate the development of new cultural formats. Promote the systematic protection of cultural heritage, enhance the protection and utilization of cultural relics and intangible cultural heritage, and improve archaeological research levels. Expand international cultural exchange and cooperation, and comprehensively enhance the effectiveness of international communication. Reform and improve the management system and operational mechanism of competitive sports. Successfully host the 15th National Games and the 12th World Games. Actively develop ice and snow sports and the ice and snow economy. Promote the construction of sports venues and facilities close to the masses, and widely carry out national fitness activities. Strengthen the popularization of scientific fitness and health interventions for young people, allowing the younger generation to strengthen their will and improve their health through sports. Maintain national security and social stability. Fully implement the overall national security concept, improve the system and mechanism for maintaining national security, and promote the modernization of the national security system and capabilities. Implement the responsibility system for maintaining social stability, strengthen public safety governance, and enhance grassroots emergency response capabilities. Deeply implement the three-year action plan for fundamental safety production governance, conduct safety production risk investigations and rectifications in key industries and fields, and resolutely curb major accidents. Strictly regulate food and drug safety, and ensure the safety supervision of student meals and platform takeout in schools. Strengthen meteorological services. Prepare for and respond to natural disasters such as floods, droughts, typhoons, forest and grassland fires, geological disasters, and earthquakes. Carry out post-earthquake recovery and reconstruction in Dingri County, Tibet, and improve the earthquake resistance of housing and infrastructure in key areas. Adapt to changes in social structure, improve the urban-rural grassroots governance system, strengthen the service management capabilities of towns and streets, and enhance social governance capabilities in urban areas. Comprehensively deepen the reform of public institutions. Guide and support the healthy development of social organizations, humanitarian assistance, volunteer services, and public welfare charities. Play a good role in industry associations and chambers of commerce in self-discipline. Safeguard the legitimate rights and interests of women, children, the elderly, and the disabled. Adhere to and develop the "Fengqiao Experience" in the new era, promote the standardized construction of grassroots comprehensive governance centers, continuously advance the legalization of petition work, and resolve conflicts and disputes at the grassroots level and in their nascent state. Enhance the balance and accessibility of public legal services. Improve the social psychological service system and crisis intervention mechanisms, and cultivate a self-respecting, confident, rational, peaceful, and positive social mentality. Build a higher level of a safe China, improve the overall prevention and control system for social security, and severely crack down on illegal activities such as organized crime and telecom network fraud in accordance with the law, ensuring that the people live and work in peace and that society is stable and orderly. Li Qiang stated in the government work report that this year will see the preparation of the "15th Five-Year Plan" On the 5th, Premier Li Qiang stated in the government work report that this year will see the preparation of the "15th Five-Year Plan." It is necessary to deeply analyze the new phase characteristics during the "15th Five-Year Plan" period, scientifically determine development goals, plan major strategic tasks, major policy measures, and major engineering projects, and better play the guiding role of planning in economic and social development. Li Qiang proposed in the government work report to comprehensively enhance the government's capacity to perform its duties, ensuring that the decisions and deployments of the Party Central Committee are implemented without compromise. On the 5th, Premier Li Qiang pointed out in the government work report that responding to new challenges and completing new tasks have raised new and higher requirements for government work. Governments at all levels and their staff must deeply understand the decisive significance of the "two establishments," enhance the "four consciousnesses," strengthen the "four confidences," and achieve the "two safeguards," consciously maintaining a high degree of consistency in thought, politics, and action with the Party Central Committee with Comrade Xi Jinping at its core. They must resolutely shoulder the political responsibility for comprehensively and strictly governing the Party, thoroughly implement the spirit of the Central Eight Regulations, and unswervingly promote the construction of the Party's work style and integrity in government and the fight against corruption. They must comprehensively enhance the government's ability to perform its duties and ensure that the decisions and deployments of the Party Central Committee are implemented without fail. Strengthen the construction of a law-based government. Strictly perform duties in accordance with the Constitution and laws, promote the legalization of government institutions, functions, powers, procedures, and responsibilities. Consciously accept the supervision of the local people's congress and its standing committee, consciously accept the democratic supervision of the Chinese People's Political Consultative Conference, and consciously accept social and public opinion supervision. Strengthen audit supervision. Adhere to scientific, democratic, and lawful decision-making, strengthen the legislative review of the government, and reinforce the legality review of major decisions and normative documents. Deepen government transparency. Promote strict, standardized, fair, and civilized law enforcement, implement the administrative discretion benchmark system, and improve the institutional mechanisms that protect the interests of the people. Support trade unions, the Communist Youth League, the Women's Federation, and other mass organizations to better play their roles. Government staff must be diligent and honest, strictly adhere to the rule of law, and ensure that the power entrusted by the Party and the people is always used to seek happiness for the people. Enhance administrative efficiency and standards. Adhere to a pragmatic approach, solving problems based on actual conditions. Be adept at integrating the decisions and deployments of the Party Central Committee with their own realities, planning strong leverage and driving work measures and carriers, and improving the ability to creatively implement them. Accelerate the construction of a digital government, improve the management of key item lists for "efficiently completing a task," and establish a normalized promotion mechanism, perfecting a nationwide integrated online government service platform. Strengthen positive incentives, improve the assessment and evaluation system, continuously rectify formalism to reduce burdens on grassroots, and effectively reduce the multiple, repetitive, fragmented indicators and cumbersome methods of supervision, inspection, and assessment directed at grassroots, allowing the majority of cadres to devote more time and energy to practical work. Government staff at all levels must adhere to a focus on action and be down-to-earth, creating more development achievements that can withstand the test of history and the people. Li Qiang discusses ethnic, religious, and overseas Chinese affairs in the government work report On the 5th, Premier Li Qiang pointed out in the government work report that we should take the forging of a strong sense of the Chinese national community as the main line, adhere to and improve the system of regional ethnic autonomy, continuously promote the cause of ethnic unity and progress, and accelerate the modernization of ethnic areas. Adhere to the basic policy of the Party's religious work, systematically promote the Sinicization of religions in China, and strengthen the rule of law in the governance of religious affairs. Improve the mechanism for overseas Chinese affairs, safeguard the legitimate rights and interests of overseas Chinese and returned overseas Chinese, and gather the strong power of Chinese sons and daughters at home and abroad to create brilliance together. Li Qiang discusses national defense and military construction in the government work report On the 5th, Premier Li Qiang stated in the government work report that in the past year, significant new progress has been made in national defense and military construction. In the new year, we must thoroughly implement Xi Jinping's thought on strengthening the military, adhere to the military strategic guidelines for the new era, uphold the Party's absolute leadership over the people's army, comprehensively and deeply implement the responsibility system of the Chairman of the Military Commission, continuously deepen political training, and make every effort to win the tough battle to achieve the goal of building the army in the centenary Deepen the promotion of military training and preparation, accelerate the development of new quality combat capabilities, build a modern military theory system with Chinese characteristics, and firmly safeguard national sovereignty, security, and development interests. Ensure the completion of the military construction "14th Five-Year Plan," expedite the implementation of major national defense development projects, and accelerate the advancement of the network information system construction. Collaborate to promote cross-military and local reforms, optimize the national defense science and technology industrial system and layout, and improve the work mechanism for integrated national strategic system and capability construction. Governments at all levels should vigorously support national defense and military construction, improve the dual-support work mechanism, and consolidate and develop a rock-solid unity between the military and the government and between the military and the people. Li Qiang discusses Hong Kong, Macao, and Taiwan work in the government work report On the 5th, Premier Li Qiang stated in the government work report that we must comprehensively and accurately, and unwaveringly implement the principles of "one country, two systems," "Hong Kong people governing Hong Kong," "Macao people governing Macao," and high autonomy, maintain the constitutional order of the special administrative regions established by the Constitution and the Basic Law, and implement the principle of "patriots governing Hong Kong" and "patriots governing Macao." Support Hong Kong and Macao in developing their economies, improving people's livelihoods, deepening international exchanges and cooperation, better integrating into the national development framework, and maintaining long-term prosperity and stability in Hong Kong and Macao. We must adhere to the overall strategy of the Party in the new era for resolving the Taiwan issue, uphold the one-China principle and the "1992 Consensus," resolutely oppose "Taiwan independence" separatism and external interference, and promote the peaceful development of cross-strait relations. Improve the system and policies for promoting economic and cultural exchanges and cooperation across the strait, deepen cross-strait integration and development, enhance the well-being of compatriots on both sides, and unswervingly advance the great cause of national reunification, working together to create the great undertaking of national rejuvenation. Li Qiang discusses foreign affairs work in the government work report On the 5th, Premier Li Qiang pointed out in the government work report that we must adhere to an independent and peaceful foreign policy, follow the path of peaceful development, firmly pursue a mutually beneficial and win-win open strategy, oppose hegemonism and power politics, and oppose all forms of unilateralism and protectionism, maintaining international fairness and justice. China is willing to work with the international community to advocate for an equal and orderly multipolar world, inclusive and beneficial economic globalization, promote the implementation of global development initiatives, global security initiatives, and global civilization initiatives, actively participate in the reform and construction of the global governance system, and promote the building of a community with a shared future for mankind, creating a better future for world peace and development. Li Qiang finally stated that confidence gathers strength, and practical work writes a glorious chapter. We must unite more closely around the Party Central Committee with Comrade Xi Jinping at its core, uphold the great banner of socialism with Chinese characteristics, be guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, face challenges head-on, and strive to achieve the annual economic and social development goals and tasks, ensuring the successful completion of the "14th Five-Year Plan," and unremittingly strive for the comprehensive advancement of national construction and the great cause of national rejuvenation through Chinese-style modernization! Zhao Leji: Now we proceed to the second agenda item, reviewing the State Council's report on the implementation of the national economic and social development plan for 2024 and the draft national economic and social development plan for 2025, and reviewing the draft national economic and social development plan for 2025. Zhao Leji: The plan report and draft plan have been distributed, please review. Zhao Leji: Now we proceed to the third agenda item, reviewing the State Council's report on the implementation of the central and local budgets for 2024 and the draft central and local budgets for 2025, and reviewing the draft central and local budgets for 2025 Zhao Leji: The budget report and budget draft have been issued, please review. Zhao Leji: Now we will proceed to the fourth agenda item, to review the proposal submitted by the Standing Committee of the National People's Congress regarding the "Draft Amendment to the Law of the People's Republic of China on the Election of Representatives of the National People's Congress and Local People's Congresses at All Levels." Zhao Leji: Next, I invite Comrade Li Hongzhong, Vice Chairman of the Standing Committee of the National People's Congress, to provide an explanation. Li Hongzhong: Dear representatives: I am entrusted by the Standing Committee of the National People's Congress to explain the "Draft Amendment to the Law of the People's Republic of China on the Election of Representatives of the National People's Congress and Local People's Congresses at All Levels." Li Hongzhong: 1. The necessity and significance of amending the Law on Representatives Li Hongzhong: The system of the People's Congress is the fundamental political system of our country. Since the 18th National Congress of the Communist Party, the Party Central Committee, with Comrade Xi Jinping at its core, has strengthened the Party's comprehensive leadership over the work of the People's Congress based on the new historical position, continuously promoted theoretical and practical innovations in the People's Congress system, formed the important thought of General Secretary Xi Jinping on adhering to and improving the People's Congress system, and achieved historic accomplishments in the work of the People's Congress, making the People's Congress system more mature and more defined. Li Hongzhong: Representatives of the People's Congress are members of the state power organs, representing the interests and will of the people, and participating in the exercise of state power in accordance with the provisions of the Constitution and laws. The Party Central Committee, with Comrade Xi Jinping at its core, attaches great importance to the work of representatives of the People's Congress, making decisions and deployments from the perspective of developing whole-process people's democracy and ensuring that the people are the masters of the country, to fully leverage the role of representatives and strengthen the capacity building of representatives. The 20th National Congress of the Communist Party and the Third Plenary Session of the 20th Central Committee, as well as the Central Work Conference on the People's Congress, have put forward clear requirements for strengthening the capacity building of representatives, enriching the content and forms of representatives' connections with the masses, and fully leveraging the role of representatives. In September 2024, General Secretary Xi Jinping delivered an important speech at the celebration of the 70th anniversary of the establishment of the National People's Congress, emphasizing the need to fully leverage the role of representatives. Li Hongzhong: The Law on Representatives is the basic law that regulates and guarantees the lawful exercise of representative powers, the fulfillment of representative duties, and the role of representatives. It is necessary to amend and improve the Law on Representatives in a timely manner to ensure and promote the high-quality development of the work of representatives, fully leveraging the significant advantages of the People's Congress system, in accordance with the comprehensive implementation of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era and the important thoughts of General Secretary Xi Jinping on adhering to and improving the People's Congress system, as well as the major decisions and deployments of the Party Central Committee. Li Hongzhong: (1) Amending the Law on Representatives is an inevitable requirement to uphold the Party's comprehensive leadership and steadfastly follow the path of political development with Chinese characteristics Li Hongzhong: The system of the People's Congress is the fundamental political system arrangement that unifies the Party's leadership, the people's mastery of the country, and the rule of law. It is an important institutional carrier for the Party to lead the state power organs. Upholding the centralized and unified leadership of the Party Central Committee is the highest political principle of the work of the People's Congress. Representatives must clearly express their political stance, enhance their political position, fulfill their political responsibilities, and be clear-minded in political matters. Amending the Law on Representatives to highlight the political requirements for representatives to perform their duties is of great significance for ensuring that representatives fulfill their duties in accordance with the law, and for ensuring that the Party's theories, lines, principles, policies, and decision deployments are fully implemented and effectively executed through the People's Congress system in the work of the state Li Hongzhong: (2) Amending the Representative Law is an important guarantee for promoting the high-quality development of the National People's Congress (NPC) work, and for maintaining, improving, and effectively operating the system of people's congresses. Li Hongzhong: The role of NPC representatives directly relates to the operation of the people's congress system and directly affects the quality and level of NPC work. Since the 18th National Congress of the Communist Party, various levels of NPCs have improved the institutional mechanisms for the Standing Committee to connect with representatives, strengthened representatives' participation in the legislative and supervisory work of the NPC Standing Committee, improved the research and inspection work of representatives, and enhanced the handling of representatives' suggestions, effectively ensuring the full play of representatives' roles. Amending the Representative Law and improving the institutional mechanisms for supporting and guaranteeing NPC representatives to perform their duties in accordance with the law and strengthening connections with NPC representatives is of great significance for promoting the high-quality development of NPC work and better transforming the significant advantages of the people's congress system into governance effectiveness. Li Hongzhong: (3) Amending the Representative Law is an objective requirement for developing whole-process people's democracy, making all levels of NPCs and their Standing Committees representative bodies that maintain close contact with the masses. Li Hongzhong: General Secretary Xi Jinping has proposed the requirement for all levels of NPCs and their Standing Committees to build "four types of bodies," which includes becoming representative bodies that maintain close contact with the masses. NPC representatives, as a bridge between the Party, the state, and the people, participate in exercising state power on behalf of the people and reflect the opinions and demands of the people, vividly embodying the practice of whole-process people's democracy. Amending the Representative Law to clarify the principles and requirements for representatives to practice whole-process people's democracy and to improve the working mechanisms for NPC Standing Committees and township NPC presidiums to organize representatives in activities connecting with the masses is of great significance for ensuring that NPC representatives faithfully represent the interests and will of the people, participate in exercising state power, and effectively safeguard the legitimate rights and interests of the masses. Li Hongzhong: II. The guiding ideology, principles to be followed, and work process for amending the Representative Law Li Hongzhong: In amending the Representative Law, we must adhere to the guidance of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, deeply study and implement General Secretary Xi Jinping's important thoughts on adhering to and improving the system of people's congresses, fully implement the spirit of the 20th National Congress of the Communist Party and the second and third plenary sessions of the 20th Central Committee, as well as the spirit of the Central NPC Work Conference, unswervingly follow the path of political development with Chinese characteristics, and uphold the organic unity of the Party's leadership, the people's mastery, and the rule of law. We should summarize the practical experiences of NPC representatives' work in the new era, enhance the institutionalization, standardization, and procedural level of NPC representatives' work, making the role of NPC representatives an important embodiment of the people's mastery. Li Hongzhong: The principles to be followed in the amendment work are: First, earnestly implement the major decisions and deployments of the Party Central Committee and the spirit of the Central NPC Work Conference, ensuring that NPC representatives always stand firm in their political stance and fulfill their political responsibilities. Second, adhere to a people-centered approach and develop whole-process people's democracy. Third, fully summarize practical experiences, maintain a problem-oriented approach, and adhere to seeking truth from facts, amending and improving those aspects that have been proven feasible and are indeed necessary to modify; those that can be modified or not generally will not be amended. Fourth, follow the provisions, principles, and spirit of the Constitution, and ensure good coordination with relevant laws Li Hongzhong: The Central Committee of the Communist Party of China, with Comrade Xi Jinping at its core, attaches great importance to the amendment of the Representative Law. In October 2024, General Secretary Xi Jinping presided over a meeting of the Standing Committee of the Political Bureau of the Central Committee, where he listened to and reviewed the report and request from the Party Group of the Standing Committee of the National People's Congress regarding issues related to the draft amendment of the Representative Law, providing important guidance and adherence for the amendment work. Li Hongzhong: According to the legislative work arrangement, the Legislative Affairs Commission and the Representative Work Committee of the Standing Committee of the National People's Congress formed a special task force for the amendment work at the beginning of 2024, initiating the amendment of the Representative Law. After widely soliciting opinions from various sectors and conducting thorough research, a draft amendment to the Representative Law was proposed. In early November 2024, the 12th meeting of the 14th Standing Committee of the National People's Congress conducted the first review of the draft amendment. At the end of December of the same year, the 13th meeting of the 14th Standing Committee of the National People's Congress conducted a second review of the draft amendment and decided to submit it for deliberation at the third meeting of the 14th National People's Congress. Li Hongzhong: III. Main Content of the Draft Amendment to the Representative Law Li Hongzhong: The draft amendment to the Representative Law consists of 34 articles, with the main modifications as follows: Li Hongzhong: (1) Enrich the provisions of the general principles. First, it clarifies that representatives should uphold the leadership of the Party and adhere to the guiding ideology of the Party and the state. Second, it clarifies that representatives should take it as their responsibility to uphold, improve, and effectively operate the system of people's congresses, fulfilling their duties for the construction of the "four organs" of various levels of people's congresses and their standing committees. Third, it clarifies that representatives should adhere to a people-centered approach and practice the principles and requirements of whole-process people's democracy. Fourth, it clarifies the responsibilities and missions of representatives to be loyal to the Constitution and their important role in promoting comprehensive rule of law. Fifth, it improves the relevant provisions regarding the rights and obligations of representatives. Li Hongzhong: (2) Expand and deepen the "two connections" system and mechanism. First, it clarifies the principles and requirements for state organs to connect with representatives. Second, it clarifies that local people's congresses at all levels or the presidium of township people's congresses should regularly organize representatives to carry out activities to connect with the masses based on the principle of proximity. Third, it clarifies the establishment and improvement of the working mechanism for members of the standing committee and various special committees, as well as the working bodies of the standing committee to connect with representatives. Fourth, it clarifies that the "one government, one committee, and two courts" should invite representatives to participate in relevant work and activities according to the overall arrangement of the standing committee at their level. Li Hongzhong: (3) Improve the relevant provisions for the capacity building of people's congress representatives. First, it clarifies that standing committees at all levels should establish representative work committees. Second, it adds provisions for standing committees at all levels to formulate annual representative work plans. Li Hongzhong: (4) Improve the relevant provisions for representatives' work during the meetings of the people's congress at their level. First, it further clarifies the various preparatory work for representatives before the conference. Second, it clarifies the composition of representative delegations. Li Hongzhong: (5) Improve the relevant provisions for representatives' activities during the recess of the people's congress at their level. First, it clarifies that representatives at all levels should form representative groups "based on region, field, etc." Second, it clarifies that, according to arrangements, representatives at the municipal level and above can also conduct inspections and special research across original electoral units within their administrative regions. Third, it adds requirements for representatives' special research based on existing requirements for representatives' inspections. Fourth, it clarifies that representatives can participate in relevant meetings organized by the standing committee at their level, various special committees, and the working bodies of the standing committee upon invitation Fifth, it is clear that county-level people's representatives can attend the meetings of the people's congresses at the township level in their original electoral districts. Li Hongzhong: (Six) Improve the relevant regulations on the protection of representatives' performance of duties. First, improve the funding guarantee regulations for representatives' performance of duties. Second, increase regulations for the standing committees of people's congresses at all levels to establish and improve online platforms for representatives' performance of duties. Third, improve the training system for representatives' performance of duties. Fourth, increase regulations to provide necessary assistance and care for representatives with physical disabilities or other mobility difficulties. Fifth, strengthen publicity work regarding representatives' performance of duties. Li Hongzhong: (Seven) Improve the mechanism for handling representatives' proposals and suggestions. First, improve the mechanism for handling representatives' proposals, clarifying the requirements for communication with representatives during the proposal handling process. Second, improve the system for assigning and reporting representatives' suggestions. Third, clarify the supervision mechanism for representatives' suggestions. Li Hongzhong: (Eight) Improve the relevant regulations on the management and supervision of representatives' performance of duties. First, increase regulations that representatives should firmly uphold their political stance and fulfill their political responsibilities. Second, improve the reporting system for representatives' performance of duties, adding regulations that representatives elected indirectly should report their performance to the original electoral unit, and clarifying that local standing committees of people's congresses and township people's congress presidiums should regularly organize representatives to report on their performance. Third, further clarify that representatives must not use their official duties to interfere in specific law enforcement cases or engage in commercial activities for personal gain. Fourth, in cases where representative qualifications are terminated, add regulations for "ordering resignation." Li Hongzhong: (Nine) Adapt to the needs of the reform of the supervisory system by supplementing relevant content. According to the Constitution and relevant laws, add regulations for people's representatives to participate in the election and removal of the director of the supervisory committee, and to propose inquiries regarding the supervisory committee; clarify that the supervisory committee should promptly inform the people's representatives at the same level of work situations, provide information and materials, and ensure representatives' right to know. Li Hongzhong: The draft amendment to the Representative Law and the above explanations are submitted for deliberation. Li Hongzhong: Dear representatives: The agenda of today's plenary meeting has been completed. Li Hongzhong: The meeting is now adjourned. This article is compiled from "China.com", edited by Zhitong Finance: Jiang Yuanhua.