In a dynamic State Council executive meeting, the Chinese premier Li Qiang led discussions focused on strengthening domestic economic circulation and boosting fair competition in the new energy vehicle (NEV) sector. Leaders outlined special initiatives aimed at driving consumption, enhancing trade-in policies for consumer goods, and offering diversified services to meet residents' needs.
The meeting also emphasized expanding investments in emerging productive forces and quality services to fully unlock domestic demand. A briefing on the preliminary rectification of issues found in the 2024 central budget audit added further depth to the discussion.
In efforts to spur high-quality development and curb irrational competition in the NEV market, stronger regulation of market order was urged through enhanced cost surveys, price monitoring, and improved long-term mechanisms. In addition, a draft regulation on the entry and exit of foreigners was carefully reviewed and approved.
This proactive session marks a significant step forward in the Chinese mainland’s economic landscape, promising greater stability and growth for businesses, students, and news enthusiasts alike. 🚀🚗
Reference(s):
Premier Li chairs meeting on internal circulation, NEV competition
cgtn.com
