Weekly policy snapshot of Chinese economy

Xinhua, Beijing :
China’s policymakers have rolled out a raft of measures over the past week to boost economic growth and enhance opening up.
The following are the latest policy moves during the period: – The State Council, China’s cabinet, has released a guideline to accelerate the development of a green and low-carbon circular economic development system.
The guideline urges efforts to firmly implement the new development philosophy, boost efficiency in the use of resources, strengthen protection of the ecological environment, and effectively control greenhouse gas emissions.
– China has unveiled plans to build the country’s strength in the transport sector over the next 15 years, setting long-term goals for the industry, with the aim of developing a modern, high-quality and comprehensive national transport network.
By 2035, the country’s transport network should be convenient, cost-effective, green, intelligent and safe, according to the guidelines jointly released by the Central Committee of the Communist Party of China and the State Council.
By the middle of the century, a modern, high-quality and comprehensive national transport network will be built in an all-round way, with a world-class transport infrastructure system, according to the guidelines.
– China unveiled a new government body for the promotion of rural vitalization on Thursday as the world’s most populous country declared an end to absolute poverty, shifting its policy focus to further boosting rural areas.
The new national administration for rural vitalization is the successor to the State Council Leading Group Office of Poverty Alleviation and Development, which focused on overseeing China’s poverty alleviation efforts.