Date
23 October 2017
China's cabinet, led by Premier Li Keqiang, has reminded authorities that the nation's economic targets must be achieved. Photo: Bloomberg
China's cabinet, led by Premier Li Keqiang, has reminded authorities that the nation's economic targets must be achieved. Photo: Bloomberg

All economic and social targets must be met: State Council

The State Council, China’s cabinet, said on Wednesday that the economic and social development targets outlined by the government earlier this year must be achieved without fail, the 21st Century Business Herald reported Thursday.

The remarks suggest that authorities want, among things, the 7.5 percent gross domestic product growth for this year to be met.

The cabinet, meanwhile, criticized some local administrations, saying they place too much emphasis on policy planning but lag behind in execution. Some local governments are selectively implementing policies to shy away from the more challenging tasks, it said at a work meeting.

The comments came after eight monitoring groups commissioned recently by the State Council to 27 departments and government units across 16 provinces and cities highlighted various problems.

The monitoring groups said in a report that many local administrations run into problems during the “first mile” and “last mile”. Many local government units were found to have got stuck while embarking on a new initiative or dragging their feet on a project without finalizing it.

The monitoring teams also warned of increasing risks in the property market, as real estate investments make up for around 20 percent of the nation’s total. In the five months to May, risks of a market downturn across the country have been on the rise.

The State Council reiterated the importance of promoting investments in railway, city infrastructure and irrigation projects, as well as in housing reform projects, the report said.

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