Chinese Premier delivers gov't work report

China declares war against pollution

Chinese Premier Li Keqiang "declared war" against pollution on Wednesday and pledged to fight it with the same determination the country battled poverty, as choking smog has become major environmental and health concerns.

The government will take strong measures to prevent and control pollution with the focus on mega cities and regions with frequent occurrence of smog, Li said in his first government work report at the annual session of the National People's Congress, China's top legislature. Read more

China pledges stable growth, deepening reforms

China keeps its economic growth target unchanged at around 7.5 percent this year as the government looks to achieve stable growth while driving through reforms for a more balanced model.

"On the basis of careful comparison and repeatedly weighing various factors as well as considering what is needed and what is possible, we set a growth target of around 7.5 percent," said the government work report delivered by Premier Li Keqiang at the parliament's annual session Wednesday. Read more

China to punish corrupt officials without mercy: government report

The Chinese government will build a system for combating corruption and penalize crooked officials without mercy in accordance with the law, a government work report delivered by Premier Li Keqiang said Wednesday.

Efforts have been strengthened to uphold integrity and fight corruption and a number of people violating the law or discipline had been brought to justice, Li said at the opening of the annual session of the National People's Congress, China's top legislature. Read more

China to establish deposit insurance system

China is to establish a deposit insurance system, a key move in carrying out financial reform, according to a government work report delivered by Premier Li Keqiang to the annual parliamentary session on Wednesday.

"We will establish a deposit insurance system and improve the risk disposal mechanism of financial institutions," said Li, at the opening of the annual session of the National People's Congress, the country's top legislature. Read more

China to carry out people-centered urbanization

China will carry out a new type of people-centered urbanization that will grant rural people who live in cities more social welfare currently enjoyed by the city dwellers, according to a government work report delivered by Premier Li Keqiang on Wednesday.

Urbanization is the sure route to modernization and an important basis for integrating the urban and rural structures, Li said in his first government work report at the annual session of the National People's Congress, China's top legislature. Read more

China vows to safeguard WWII victory, post-war int'l order

China pledged to hold high the banner of peace but also vowed to resolutely safeguard its sovereignty and the post-war international order, according to a government work report delivered by Premier Li Keqiang at the parliament's annual session on Wednesday.

"We will safeguard the victory of Second World War and the post-war international order, and will not allow anyone to reverse the course of history," Li told the country's lawmakers at the opening of China's top legislature annual session. Read more

China to promote healthy development of Internet finance

China will promote the healthy development of its burgeoning Internet finance, according to a government work report delivered by Premier Li Keqiang on Wednesday.

"We will promote the healthy development of Internet banking," Li said, promising also to improve the mechanism for coordinating financial oversight and to keep a close watch on the cross-border flow of capital. Read more

China to cut energy intensity by over 3.9 pct in 2014

China aims to cut energy intensity by more than 3.9 percent this year to strengthen energy conservation and emissions reduction, according to a government work report.

The emissions of sulfur dioxide and chemical oxygen demand will both be reduced by 2 percent this year, says the report delivered by Premier Li Keqiang on Wednesday at the annual session of the National People's Congress. Read more

China to allow private capital into more state projects

China will speed up the development of mixed-ownership economy by letting non-state capital into more state projects, including those in oil, railways and telecoms, according to a government work report delivered by Premier Li Keqiang on Wednesday.

"We will formulate measures for non-state capital to participate in investment projects of central government enterprises," Li said at the opening of the annual session of the National People's Congress, China's top legislature. Read more

China to standardize local government financing channels

China will build a standard financing mechanism for local governments to issue bonds, its latest step to address local government debt problems, according to a government work report delivered by Premier Li Keqiang on Wednesday.

"We will establish a standard financing mechanism for local governments to issue bonds and place local government debt under budgetary management," Li said, when delivering the report at the opening of the annual session of the National People's Congress, the country's top legislature. Read more

China to further streamline gov't administration

China will further its efforts in building a streamlined government administration by exempting more items from central government approval, according to a government work report delivered on Wednesday by Premier Li Keqiang at the opening of the annual session of the country's top legislature.

More than 200 items requiring review and approval of the State Council, China's Cabinet, will be canceled or delegated to lower-level governments this year, Li told the lawmakers. Read more

China to maintain proactive fiscal, prudent monetary policies

China will continue to implement a proactive fiscal policy and a prudent monetary policy, Premier Li Keqiang said Wednesday at the opening of the annual session of the National People's Congress (NPC), Chian's top legislature.

"We will improve the macro-control policy framework, maintain a lower limit to ensure stable growth and employment and an upper limit to keep a cap on inflation, and continue to implement a proactive fiscal policy and a prudent monetary policy," he said, when delivering a government work report to the lawmakers. Read more

China keeps growth target unchanged in balancing act

China keeps its economic growth target unchanged at around 7.5 percent this year as the government looks to achieve stable growth while driving through reforms for the long term good.

"On the basis of careful comparison and repeatedly weighing various factors as well as considering what is needed and what is possible, we set a growth target of around 7.5 percent," said the government work report delivered by Premier Li Keqiang at the parliament's annual session Wednesday. Read more