Chinese Lawmakers Review Reports on State Assets, Yellow River Protection, and Fiscal Funds Management
Beijing, The Gulf Observer: Senior Chinese lawmakers convened on Sunday to deliberate a series of reports during the ongoing session of the National People’s Congress (NPC) Standing Committee, chaired by Zhao Leji.
Key discussions included a report on the enforcement of the Law on State-Owned Assets of Enterprises. The report emphasized the need to enhance the entrusted agency mechanism for managing state-owned enterprises and state capital, aiming to ensure efficient oversight and utilization.
Lawmakers also reviewed a report on the enforcement of the Yellow River Protection Law, which highlighted the importance of strengthening law-based governance and fostering ecological conservation and restoration within the river’s basin.
An audit rectification report for 2023 revealed significant progress in financial accountability. By the end of September, rectifications had involved a total of 538 billion yuan (approximately 74.8 billion U.S. dollars), with over 2,800 individuals held accountable for financial discrepancies.
The session further deliberated a report on the allocation and utilization of fiscal funds for disaster prevention, mitigation, and emergency management. Recommendations included refining fiscal policies and fund-allocation systems to bolster preparedness and response capacities.
Additional reports were presented on farmland protection, legislative recording and review, and efforts to address public misconduct and corruption.
The session underscores the NPC Standing Committee’s commitment to strengthening governance, safeguarding natural resources, and ensuring the responsible allocation of state funds.
