Weekly snapshot of China's progress on economic resumption

0 Comment(s)Print E-mail Xinhua, September 19, 2020
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BEIJING, Sept. 19 (Xinhua) -- Amid further containment of COVID-19, China is striving to get back to work and resume business and production. The following are the highlights of the past week:

-- DEEPENING REFORMS

China will take solid steps in implementing the three-year action plan for SOE reform, and make more efforts to create a level playing field for private firms, the State Council's executive meeting chaired by Premier Li Keqiang decided on Sept. 17.

Li stressed that SOEs should focus on their main responsibility and business, develop sound market-oriented operating mechanisms, and increase core competitiveness. At the same time, a level playing field for the private sector shall be created to boost their confidence in development.

SOEs need to make continued efforts to achieve higher quality and efficiency, sharpen core competitiveness and strengthen dynamism for sustained growth, to better their role in underpinning the national economy, according to the meeting.

-- CIVIL AVIATION RECOVERY

China's civil aviation regulator on Sept. 15 announced adjustments to its management policies for domestic airline services in a bid to boost the virus-hit industry.

China will lift restrictions on the maximum limit of weekly flights subject to approval, allowing airlines greater flexibility in arranging passenger flights involving airports of Beijing, Shanghai, Guangzhou, among other busy airports, the Civil Aviation Administration of China told a press conference.

While easing the rules, the regulator specified detailed guidelines for applying flights to coordinate market competition and take into consideration the conditions of airport operation.

Meanwhile, the regulator eased restrictions on regional airlines involving three major airports in the cities of Beijing, Shanghai and Guangzhou.

-- GRAIN OUTPUT

Chinese Vice Premier Hu Chunhua has stressed agricultural production to reap a bumper autumn harvest.

Noting that autumn grain accounts for more than 70 percent of the country's annual grain output, Hu urged local authorities to spare no effort to ensure a bumper autumn harvest during his inspection tour in Heilongjiang, the country's biggest grain production province.

Local authorities should work in accordance with local conditions to restore agricultural production after disasters, so as to minimize the impact of typhoons, droughts and floods on autumn grain production, he said. Enditem

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