Professional drug-inspection teams to be established
The State Council issued a circular on July 18 outlining measures to form professional drug-inspection teams, as part of efforts to strengthen drug supervision and guarantee drug safety.According to the circular, drug inspectors will be recognized by drug authorities and authorized to conduct compliance verification and risk judgment on places where drugs are developed and produced, as well as ensure that drugs are produced in accordance with laws and regulations.The drug teams will be establish… Read More >>
China steps up local govt bond issuance to support key areas, major projects
BEIJING — China ramped up the issuance of special local government bonds to support economic growth and maintain reasonable and ample liquidity in the market, according to a notice on local government bonds issued on June 10.Local governments and financial institutions are encouraged to use special bonds and other market-based financing methods to support key areas and major projects such as the coordinated development of the Beijing-Tianjin-Hebei region and the construction of the Yangtze Rive… Read More >>
Further innovation and opening-up of national development zones urged
The State Council recently released a circular calling for further efforts to step up innovation and opening-up in national economic and technological development zones, in a bid to boost their international competitiveness and work for high-quality development.The development of national economic and technological development zones should stick to innovation and opening-up, prioritize high-quality output, and remain market-oriented, the circular said.A slew of approaches will be taken to beef u… Read More >>
State Council issues plan to fund vocational training
The State Council on May 24 issued a plan on a vocational education program that pledges to provide subsidy-supported training for 50 million workers in three years.The plan aims to upskill workforces and foster entrepreneurship.Skilled workers should by 2021 account for over 25 percent of the total workforce, and high-skill workers should account for at least 30 percent of all skilled workers.Special action plans on vocational training will be offered to poor workers, laid-off workers, veterans… Read More >>