Business / China Data

China February consumer prices up 2.3%, hitting 19 months high

(Xinhua) Updated: 2016-03-10 10:06

China February consumer prices up 2.3%, hitting 19 months high

People shop at a supermarket in Hangzhou, Zhejiang province, March 10, 2016. [Photo/IC]

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10 new words in the 2016 Work Report from chinadaily.com.cn

Editor's note: At this year's annual meeting showcasing government works as well as economic blueprint ahead, Premier Li Keqiang put forward the following new words in the Work Report. Let's take a look at what governance ideas they convene.

1. New economy

This is the crucial period in which China currently finds itself, and during which we must build up powerful new drivers in order to accelerate the development of the new economy. We need to move faster to develop new technologies, industries, and forms of business, boost the development of a sharing economy through institutional innovations, create sharing platforms, and develop emerging industry clusters such as high-tech and modern service industry clusters, thus creating strong new engines.

2. North-south and east-west intersecting economic belts

Given by the general strategy for regional development, we should pursue the Three Initiatives to form north-south and east-west intersecting economic belts along the coastlines, the Yangtze River, and major transportation routes, and foster new growth poles and city clusters that facilitate the development of surrounding areas.

3. Crowd innovation, crowd support, crowdsourcing, and crowdfunding platform

We will help people to pool their ideas and talents through a synergy of business startups, innovation, and the Internet Plus. Platforms will be created for crowd innovation, crowd support, crowdsourcing, and crowdfunding, and mechanisms will be built to encourage new types of business startups and innovation-making through cooperation between enterprises, institutions of higher learning, research institutes, and makers.

4. Made in China 2025 and Internet Plus

We will intensify efforts to promote the integrated development of Made in China 2025 and the Internet Plus action plan, build national platforms for innovation in manufacturing, carry out demonstration programs in smart manufacturing, and launch projects to make the foundation of industry development more solid, promote green manufacturing, and develop high-end equipment.

5. Internet Plus government services

We will carry out the "Internet Plus government services" model and promote better information sharing between government departments, so that the public and businesses need to make fewer visits to government departments to get things done, find procedures simpler, and find the service satisfactory. We will cut red tape and root out illegalities to ensure that the people have more equal opportunities and greater space for creativity.

6. Random inspections and prompt release of results

We will develop new ways of conducting oversight over the whole process of business operations, and introduce across the board an oversight model drawing on random inspections by randomly selected law enforcement officers or inspectors and requiring the prompt release of results.

7. Craftsmanship spirit

We will move faster to bring domestic quality and safety standards in line with international standards, and establish a system for making products pay punitive compensation for failing to meet product quality standards. We will also encourage enterprise to use flexible and custom-tailored production processes and foster a craftsmanship spirit of striving for the best, so that more types of products, products of a higher quality , and brand products will be made.

8. Healthy China

We need to work for progress in building a Healthy China and achieve a one-year increase in average life expectancy.

9. Cities linked up to fiber-optic networks

Fiber-optic networks will be developed in a number of cities and 50,000 administrative villages will be linked up to fiber-optic networks.

10. New era of mass tourism

We will ensure people are able to take their paid vacations, strengthen the development of tourist and transport facilities, scenic spots and tourist sites, and recreational vehicle parks, and see that the tourist market operates in line with regulations. With these efforts, we will usher in a new era of mass tourism.

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