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CN NPC's Standing Committee Considers Increasing Debt Limit of Local Govts to Replace Hidden Debts
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The 12th meeting of the Standing Committee of the 14th National People's Congress was held in Beijing to review the draft pre-school education law and the revised draft cultural relics protection law, according to a report by the Xinhua News Agency. The meeting reviewed the State Council's proposal to increase the debt limit of local governments to replace the existing hidden debts. Entrusted by the State Council, Lan Fo'an, Minister of Finance, gave a presentation. In order to further transform government functions, optimize the business environment, galvanize market vitality, and better summarize pilot experience, the State Council proposed a resolution of a draft decision on extending the State Council's authorization to temporarily adjust the applicable provisions of the Measurement Law in pilot cities for business environment innovation for review. AAStocks Financial News |
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