1. We helped promote stable and sound development of the economy.

The Standing Committee listened to and deliberated on the State Council’s report on the implementation of the 2013 plan for national economic and social development and the State Council’s report on strengthening financial monitoring and regulation to prevent financial risks, and investigated compliance with the Patent Law and the Tourism Law.

With the increase of domestic and international uncertainties and the coming of a new normal in China’s economic development, we urged relevant departments to faithfully implement the decisions and plans of the CPC Central Committee on economic work, stick to the principle of achieving a stable performance while at the same time securing progress and the idea of promoting reform and innovation, place even greater importance on growth model transformation and structural adjustments, boost domestic demand and especially consumer demand, actively foster new economic growth areas, and enhance the quality and returns of economic growth along with its internal driving force.

We improved the mechanism for coordinating financial monitoring and regulation efforts and effectively prevented and defused financial risks. We have pressed ahead with the strategy of innovation-driven development by strengthening the application and protection of patents, investigating patent infringements and holding those involved accountable in accordance with the law, and encouraging industries to enhance their competitiveness by seeking progress in technological innovation and brand building.

Efforts toward streamlining administration, delegating the power or canceling the requirement for government review for more items, and delegating more powers to lower-level governments have all drawn great attention from NPC deputies and the public. The Standing Committee listened to and deliberated on the State Council’s report on deepening reform of the government review system and accelerating the transformation of government functions, and conducted a special inquiry on the matter.

While fully acknowledging the achievements made thus far, the Standing Committee also pointed out that such problems as holding onto the power of review through hidden means, placing superficial work above real results, and ineffective oversight and poor service still exist in some local governments and government bodies. We emphasized that in order to solve these problems, the government must strictly enforce the Administrative Approval Law, make substantive progress in streamlining administration and delegating powers, cancel non-administrative review, and comprehensively enhance the quality of public services it provides.

The State Council acted accordingly to strengthen efforts in streamlining administration and delegating powers to lower levels, and put forth new measures aimed at standardizing practices of review of State Council bodies and improving work relating to government review.