While visiting representatives from the China Democratic League, the China Association for Promoting Democracy, and the education sector attending the CPPCC meeting, Xi Jinping underscored the imperative of bolstering education’s support for science, technology, and talent—thereby cultivating an environment in which exceptional individuals continuously emerge, every talent is recognized, and every ability is fully harnessed.
On the afternoon of the 6th, General Secretary of the CPC Central Committee, President of the People’s Republic of China, and Chairman of the Central Military Commission Xi Jinping met with members of the China Democratic League, the China Association for Promoting Democracy, and the education community who are participating in the Third Session of the 14th National Committee of the Chinese People’s Political Consultative Conference. During a joint group meeting, he attentively received opinions and suggestions. Xi emphasized that, on this new journey in a new era, it is crucial to fully grasp the demands of modernization with Chinese characteristics for education, science, technology, and talent. Strengthening the supportive role of education is key to nurturing an ecosystem where brilliant talents emerge in abundance, each person’s potential is optimally utilized, and their abilities are maximized.
As International Women’s Day approaches, Xi Jinping, on behalf of the CPC Central Committee, extended his heartfelt greetings and best wishes to the female delegates, committee members, and staff attending the two sessions, as well as to women from all ethnic groups and walks of life across the country, including those in Hong Kong, Macau, Taiwan, and overseas.
Accompanying him were prominent leaders such as Wang Huning, a member of the CPC Political Bureau Standing Committee and Chairman of the CPPCC, and Cai Qi, a CPC Political Bureau Standing Committee member and Director of the General Office of the CPC Central Committee, who joined the visit and discussion.
During the joint meeting, six committee members—Zhang Yunkai, Cai Guangjie, Zheng Jiajian, Xu Kun, Cui Yali, and Ma Jinglin—presented their insights on issues including the coordinated development of vocational education with regional industries, the optimization of resource allocation in basic education, the creation of a vibrant reading culture for children and adolescents, the advancement of a national educational intelligence network, the integrated development of education, science, and technology, and the promotion of traditional culture through school curricula.
After hearing the various contributions, Xi Jinping delivered an important address. He expressed his delight in engaging in dialogue and receiving valuable suggestions, and on behalf of the CPC Central Committee, extended his sincere greetings to the assembled members as well as to the broader communities of the China Democratic League, the China Association for Promoting Democracy, and education professionals, along with the wider body of CPPCC members.
Xi stressed that building a nation strong in education, science, technology, and talent requires adherence to the correct educational direction and the cultivation of socialist builders and successors who excel in moral, intellectual, physical, aesthetic, and labor dimensions. He called for a focus on instilling the spirit of socialism with Chinese characteristics for a new era into the educational process, ensuring that moral education permeates every facet of intellectual, physical, aesthetic, and labor instruction. Moreover, he advocated for the synchronized advancement of ideological and political course development with the infusion of the Party’s innovative theoretical frameworks—effectively merging the “small classroom” of ideological instruction with the “great classroom” of society to achieve more robust and effective moral education.
Xi further pointed out that the foundation of a high-quality education system—one that truly satisfies the people—lies in deepening comprehensive educational reforms. This involves establishing a scientific evaluation system that serves as a precise guiding tool, refining school management systems, and ensuring institutional autonomy to continually enhance the rule of law in education and its administration. In light of modernization and demographic changes, there is an urgent need to coordinate basic, higher, and vocational education, balance public and private investment, and develop a more rational and efficient mechanism for the allocation of educational resources.
Moreover, to foster a virtuous cycle between indigenous technological innovation and the independent cultivation of talent, education must further assert its pioneering and foundational role. Xi urged the effective implementation of breakthrough initiatives in fundamental and interdisciplinary subjects, the creation of collaborative innovation platforms uniting academia, industry, and local communities, and the enhancement of technology transfer efficiency. Strengthening the mechanisms that align talent development with the needs of economic and social progress is equally vital, as is the execution of a national digital education strategy and the construction of a learning society—measures designed to inspire the emergence of diverse talents at all levels.
In closing, Xi Jinping affirmed that the quest to build a robust nation in education, science, technology, and talent is a collective responsibility of the entire Party and society. He called upon the People’s Political Consultative Conference to fully leverage its role as a specialized advisory body—mobilizing consensus, wisdom, and strength—to promote high-quality development in these key areas. Members of the China Democratic League, the China Association for Promoting Democracy, and education professionals are encouraged to capitalize on their unique advantages to support and participate in the comprehensive reform and development of the education, science, and talent systems, thereby contributing their insights and efforts to enhancing the overall efficacy of the national innovation system.
Also in attendance at the joint meeting were Shi Taifeng, Ding Zhongli, Cai Dafeng, Hu Chunhua, Wang Dongfeng, Jiang Xinzhi, Wang Guangqian, and Zhu Yongxin.
[With the General Secretary Among Us] Taking the Helm to Contribute to National Development
On the afternoon of the 5th, while attending the review session of the Jiangsu delegation at the Third Session of the 14th National People’s Congress, General Secretary Xi Jinping emphatically stated that to fully realize the developmental goals of the 14th Five-Year Plan, economically robust provinces must assume a pivotal role. His stirring address resonated powerfully both inside and outside the hall, with participants vowing to be guided by Xi Jinping’s Thought on Socialism with Chinese Characteristics for a New Era—focusing on the critical points of leadership, boldly pursuing progress, and diligently advancing high-quality development to ensure the smooth accomplishment of the 14th Five-Year Plan and lay a solid foundation for a promising start to the 15th Five-Year Plan.
The Jiangsu delegation greeted General Secretary Xi Jinping’s arrival with rapturous applause. During the session, he underscored that technological and industrial innovation are the fundamental pathways to cultivating a new quality of productive forces—a message that left the audience deeply inspired.
Deep Integration of Technological and Industrial Innovation
On March 6, a reporter visited the Zijinshan Laboratory in Nanjing, where researchers are currently testing the application of 6G networks in ecological environment monitoring and management. In recent years, Jiangsu has led the establishment of over 40 national key laboratories, driving breakthroughs in core technologies and advancing cutting-edge basic research. These efforts have given rise to leading industries in areas such as new energy, biomedicine, and next-generation information and communications technology.
National People’s Congress representative and Vice President of Nanjing First Hospital, Zhang Junjie, briefed the General Secretary on the strides made in promoting translational medicine over his 27-year career in medicine. Meanwhile, NPC representative Li Xiaona, who serves as the community director of Hailian Community in Haizhou District, Lianyungang, shared developments in building harmonious communities. Additionally, NPC representative Ke Jun—who has devoted more than 40 years to Kunqu opera—reported on initiatives to preserve and pass on traditional opera. This year, his team launched the “Jasmine Blossoms” cultural express program, delivering captivating performances to grassroots communities and benefiting approximately 13,000 people.
Since the 18th National Congress of the Communist Party, General Secretary Xi Jinping has attended the Jiangsu delegation’s review sessions on four occasions, consistently demonstrating his deep commitment to the province’s socio-economic progress.
This year, marking the final phase of the 14th Five-Year Plan, economically dominant provinces are called upon to take center stage. Xi Jinping has laid out new imperatives: to spearhead the integration of technological and industrial innovation, to lead in deep structural reform and high-level openness, to pioneer the execution of major national strategic initiatives, and to set a benchmark in advancing common prosperity for all.
His earnest exhortations have invigorated the people of Jiangsu. The region’s cadres and citizens have pledged to unite more closely around the Party Central Committee, with Xi Jinping at its core, to embrace their leadership responsibilities, shoulder formidable tasks, and forge ahead boldly—continuously achieving ever greater successes.
[CCTV Quick Commentary] Leading the Charge, Striving to Excel, Setting the Standard
On March 6, our network broadcast the CCTV Quick Commentary titled “Leading the Charge, Striving to Excel, Setting the Standard.”
Li Qiang Participates in the Hebei Delegation’s Review
On the same day, national leaders Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang, and Li Xi participated in various group sessions and discussions during the Third Session of the 14th National People’s Congress and the Third Session of the 14th National Committee of the Chinese People’s Political Consultative Conference.
Premier Li Qiang, a member of the CPC Political Bureau Standing Committee, attended the Hebei delegation’s review session. He remarked that over the past year, Hebei has rigorously implemented General Secretary Xi Jinping’s important directives and the CPC Central Committee’s strategic decisions, making substantial progress in building a robust economy and a beautiful Hebei. He expressed hope that Hebei would seize new opportunities within the coordinated development of the Beijing-Tianjin-Hebei region, invigorate new drivers in industrial transformation and upgrading, cultivate fresh advantages in green barrier construction, and advance the Xiong’an New Area with high standards and quality.
Li Qiang Engages with Economic and Agricultural CPPCC Members
On the same day, Li Qiang also joined a joint meeting with CPPCC members representing the economic and agricultural sectors. After carefully considering their contributions, he noted that in line with General Secretary Xi Jinping’s vital instructions and the overarching policies of the CPC Central Committee, the government’s work report has outlined clear arrangements for this year’s economic and social development. He acknowledged that despite progress, considerable challenges remain. To meet this year’s targets, macroeconomic regulation must become more forward-looking, targeted, and effective. A more proactive fiscal policy should leverage the synergistic effects of expenditure scale, focus, and timing, while a moderately accommodative monetary policy is needed to provide ample financing support to the real economy. Efforts must be redoubled to expand and strengthen domestic circulation—stimulating consumption to boost economic momentum, deepening reforms to unleash the vitality of the economy, and harnessing technological innovation to unlock latent potential. Furthermore, it is crucial to coordinate the advance of new urbanization with comprehensive rural revitalization, firmly safeguarding against widespread poverty recurrence, and continuously enhancing the intrinsic growth capacity of previously impoverished regions.
Each segment of these discussions underscores the commitment to taking a lead role in national development, a charge that resonates deeply across all levels of society.
Zhao Leji with CPPCC Members from the Zhi Gong Party, Overseas Chinese Federation, and International Friendship Circles: Deliberating on National Affairs
Member of the CPC Politburo Standing Committee and Chairman of the NPC Standing Committee, Zhao Leji, attended a joint meeting of CPPCC members representing the Zhi Gong Party, the Overseas Chinese Federation, and the international friendship sector. After listening to the delegates’ remarks, he stated that in 2024, despite facing multifaceted challenges, the CPC Central Committee—with Comrade Xi Jinping at its core—has set a clear course and steered the nation with decisive leadership. By adapting and innovating macroeconomic regulation in accordance with evolving circumstances, a marked rebound in economic performance has been achieved, social expectations have been effectively boosted, and the principal objectives of economic and social development have been successfully met. Practice has convincingly demonstrated that the centralized and unified leadership of the CPC is the fundamental guarantee for all endeavors. He urged that Xi Jinping’s Thought on Socialism with Chinese Characteristics for a New Era be studied and implemented in depth to widely galvanize consensus, wisdom, and strength for advancing Chinese-style modernization. He further stressed the need to uphold the leadership of the Communist Party unwaveringly, adhere resolutely to the path of socialist political development with Chinese characteristics, and harness the distinct strengths of each sector to consolidate the support of overseas compatriots—thereby contributing robustly to deepening comprehensive reform and propelling high-quality development.
Wang Huning with Religious Sector CPPCC Members: Deliberating on National Affairs
CPC Politburo Standing Committee member and CPPCC Chairman Wang Huning participated in a small-group meeting with CPPCC members from the religious sector. After hearing their insights, he remarked that since the 18th National Congress, under the leadership of Xi Jinping as the core, the CPC has placed great emphasis on religious affairs, yielding notably positive results. He called for an in-depth study and implementation of General Secretary Xi Jinping’s important expositions on religious work, and for the full adherence to the Party’s fundamental guidelines on this matter. He stressed the importance of actively guiding religions to harmonize with socialist society and of fostering an ever-deepening “Five Recognitions” among religious leaders and believers. Furthermore, he advocated for a systematic advancement of the sinicization of religions—anchored by socialist core values and the permeation of Chinese culture—to gradually develop religious doctrines that reflect China’s unique national context. He also underlined the need to enhance the rule of law in the governance of religious affairs, ensuring that all religious activities are conducted legally, safely, and orderly, and urged religious sector CPPCC members to further research major issues in the field and actively contribute ideas to the Party’s work on religion in the new era.
Cai Qi with Social Sciences and Publishing Sector CPPCC Members: Deliberating on National Affairs
CPC Politburo Standing Committee member and Secretary of the Central Secretariat, Cai Qi, attended a joint meeting of CPPCC members from the social sciences, as well as the press and publishing sectors. After carefully considering the delegates’ contributions, he noted that in the past year, the CPC Central Committee—under the calm and comprehensive leadership of Xi Jinping—has united the nation through Chinese-style modernization to successfully accomplish the key economic and social development objectives. Cai Qi expressed his hope that all participants would profoundly grasp the decisive significance of “the Two Establishments” and resolutely implement “the Two Upholds.” He called for the deep study, promotion, and implementation of Xi Jinping’s Thought on Culture so as to more effectively embrace the new cultural mission and make fresh contributions to building a powerful cultural nation. He further urged that cultural confidence be firmly established, that the “Two Integrations” be upheld, and that the systematic study of the Party’s innovative theoretical framework be deepened in order to construct an autonomous knowledge system for Chinese philosophy and the social sciences. Additionally, he emphasized the need to consolidate and expand the mainstream discourse of this new era—strengthening confidence, stabilizing expectations, and creating more refined works that vividly and compellingly tell the Chinese story.
Ding Xuexiang with Hong Kong and Macau CPPCC Members: Deliberating on National Affairs
CPC Politburo Standing Committee member and Vice Premier of the State Council, Ding Xuexiang, attended a joint meeting with CPPCC members representing Hong Kong and Macau. After listening intently to their reports, he stated that over the past year, under the resolute leadership of the CPC Central Committee with Xi Jinping at its core, the Party and the people of all ethnic groups have united to successfully achieve the primary goals of economic and social development, marking significant new strides in Chinese-style modernization. With strong backing from the Central Government and under the leadership of the Chief Executives and administrations of the Special Administrative Regions, Hong Kong and Macau have realized new breakthroughs and are exhibiting a renewed dynamism. Ding emphasized the imperative to embrace the significant mission of practicing “One Country, Two Systems” in the new era, to fortify the national security shield, to consolidate and enhance the unique status and advantages of Hong Kong and Macau, and to promote their deeper integration into the national development strategy—thereby contributing even more profoundly to the construction of a powerful nation and the rejuvenation of the Chinese nation. He called on the delegates to continue their exemplary efforts and strive for further achievements, jointly scripting a new chapter in the prosperity and development of Hong Kong and Macau.
Li Xi with CPPCC Members from the Youth, Labor, and Women’s Sectors: Deliberating on National Affairs
CPC Politburo Standing Committee member and Secretary of the Central Commission for Discipline Inspection, Li Xi, participated in a joint meeting with CPPCC members from the Communist Youth League and Youth Federation, the Federation of Trade Unions, and the Women’s Federation. After listening to their thoughtful contributions, he remarked that in the past year, amid a complex and challenging environment, the CPC Central Committee—under the core leadership of Xi Jinping—has united the Party and the people across all ethnic groups, responded with calmness, and implemented comprehensive measures to achieve significant new progress in Chinese-style modernization. He noted that these remarkable achievements are inseparable from the wisdom and dedication of the CPPCC delegates. With 2025 marking the final year of the 14th Five-Year Plan, he urged everyone to deeply comprehend the decisive importance of “the Two Establishments,” to enhance the “Four Consciousnesses,” to strengthen the “Four Confidences,” and to ensure the realization of “the Two Upholds.” He encouraged all to leverage their unique strengths, actively offer proposals on further deepening comprehensive reform, promoting high-quality development, and formulating recommendations for the 15th Five-Year Plan, as well as to strengthen political guidance for youth, workers, and women—together scripting a new chapter in the grand enterprise of building a powerful nation and achieving national rejuvenation.
Steadfast Confidence in Advancing Development, United in Stride on a New Journey — Delegates Deliberate on National Affairs: Uniting Forces to Compose a Glorious Chapter in Our Era
At the Third Session of the 14th National People’s Congress, representatives continued their review of the government work report today (March 6). The delegates spoke freely and discharged their duties diligently, affirming that they must unite ever more closely around the Party Central Committee—with Comrade Xi Jinping at its core—pooling their collective strength and engaging in resolute, pragmatic action to achieve the annual economic and social development targets, thereby laying a solid foundation for a strong start to the 15th Five-Year Plan.
Li Shulei, a member of the CPC Politburo and Minister of the Publicity Department, during the Jiangxi delegation’s review session, expressed his full endorsement of the government work report. He observed that over the past year the Party Central Committee, under Xi Jinping’s leadership, has guided the Party and the entire nation to secure remarkably encouraging new achievements. He urged everyone to deeply internalize the decisive significance of “the Two Establishments,” to unwaveringly implement “the Two Upholds,” and to let the Party’s innovative theoretical framework guide their actions—thereby inspiring the masses to bolster their confidence and unite in progress.
Speaking at the Gansu delegation’s session, Li Hongzhong, a CPC Politburo member and Vice-Chairman of the NPC Standing Committee, remarked that over the past year the Party Central Committee, with Xi Jinping at its helm, has successfully united and led the entire nation to fulfill the economic and social development goals. He emphasized that “the Two Establishments” are of decisive, fundamental, and enduring importance for enabling the vessel of Chinese-style modernization to navigate tumultuous waters and proceed steadily. He called for steadfast confidence, collective unity, and pragmatic action to ensure a triumphant conclusion to the 14th Five-Year Plan.
At the review session of the Inner Mongolia delegation, He Lifeng, a CPC Politburo member and Vice Premier of the State Council, voiced his complete support for the government work report. He stated that in 2024, under the leadership of the Party Central Committee with Xi Jinping at its core, the Party and the people of all ethnic groups have successfully met the principal economic and social development targets. He urged Inner Mongolia to remain guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, to maintain an unyielding belief in ultimate victory and strategic resolve, and to promote a sustained economic recovery while earnestly advancing high-quality development.
During the Tibet delegation’s review session, Zhang Guoqing, a CPC Politburo member and Vice Premier of the State Council, likewise expressed his full endorsement of the government work report. He noted that last year’s extraordinary achievements were fundamentally due to General Secretary Xi Jinping’s visionary leadership and the scientific guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. He stressed the necessity of placing pragmatic execution at the forefront—employing a “nail-driving” spirit to implement this year’s directives—and called for the comprehensive implementation of the Party’s strategy for governing Tibet in the new era, thereby composing a new chapter in the practice of Chinese-style modernization in Tibet.
Chen Wenqing, a CPC Politburo member and Secretary of the Central Political and Legal Affairs Commission, speaking at the Heilongjiang delegation’s session, remarked that the significant new achievements in the Party and the state over the past year are fundamentally attributable to General Secretary Xi Jinping’s leadership and the scientific guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. He urged judicial and law enforcement bodies to firmly uphold “the Two Establishments” and resolutely implement “the Two Upholds,” to reinforce confidence, prioritize decisive action, and strive to build an even higher level of a secure and law-governed China.
Steadfast Confidence in Advancing Development, United in Stride on a New Journey — Resolutely Waging the Strategic Battle to Achieve the Centennial Goal of Army Building
On the afternoon of the 5th, delegations representing the People’s Liberation Army and the Armed Police Force convened in groups to review the government work report. Zhang Youxia, a CPC Politburo member and Vice Chairman of the Central Military Commission, noted that the extraordinary achievements of the Party, the state, and the military over the past year testify that no formidable obstacle can thwart our historic march toward national rejuvenation. His remarks underscored the imperative for the entire armed forces to deeply internalize the decisive significance of “the Two Establishments.” He called on the military to rigorously implement Xi Jinping’s Thought on Strengthening the Military, to concentrate efforts on winning the strategic battle for the centennial goal of army building, to comprehensively enhance their combat readiness, and to accelerate the modernization of national defense and the armed forces.
He Weidong, also a CPC Politburo member and Vice Chairman of the Central Military Commission, further observed that under the resolute leadership of the Party Central Committee with Xi Jinping at its core, Chinese-style modernization has taken significant, solid strides. He urged the military to deeply comprehend the decisive significance of “the Two Establishments,” to steadfastly implement “the Two Upholds,” to adhere to the Chairman’s responsibility system of the Central Military Commission, and to intensify political training, combat readiness, and strategic plan execution. He stressed the necessity of unwaveringly upholding integrity and combating corruption, and resolutely winning the strategic battle to achieve the centennial goal of army building.
Steadfast Confidence in Advancing Development, United in Stride on a New Journey — Delegates Deliberate on National Affairs: Building Consensus to Drive High-Quality Economic Growth
During discussions on the government work report at the Third Session of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), committee members emphasized the need for the CPPCC to uphold Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as its guiding principle. They stressed the importance of aligning with the central objectives, serving the broader national agenda, and contributing insights and efforts to facilitate high-quality economic development and advance Chinese-style modernization.
Vice Chairman of the CPPCC, Zhou Qiang, speaking at the panel discussion for the All-China Federation of Trade Unions delegation, underscored the imperative of deeply understanding the decisive significance of “the Two Establishments” and unwaveringly implementing “the Two Upholds.” He emphasized integrating the Party’s leadership with the united front and consultative democracy, while ensuring reform and the rule of law progress in harmony. He called for a commitment to high-quality governance to consolidate momentum for national advancement.
Vice Chairman of the CPPCC, Leung Chun-ying, in discussions with the panel of invited Hong Kong delegates, highlighted the government work report’s emphasis on supporting Hong Kong in “deepening international exchanges and cooperation.” He pointed out that Hong Kong stands to gain greater opportunities in global partnerships, playing a more significant role in high-quality cooperation under the Belt and Road Initiative and contributing to Chinese-style modernization.
Vice Chairman of the CPPCC, Su Hui, addressing the Taiwan Democratic Self-Government League panel, emphasized the necessity of thoroughly studying the spirit of the Two Sessions and resolutely implementing the Party’s overarching strategy for resolving the Taiwan issue in the new era. She called for high-quality governance, deeper cross-strait integration, and dedicated efforts to propel national rejuvenation and the goal of building a strong China.
Vice Chairman of the CPPCC, Shao Hong, speaking at the Jiusan Society panel, reaffirmed the unwavering commitment to the Party’s comprehensive leadership. He stressed the importance of leveraging the CPPCC’s role as a specialized consultative body, continuously improving political consultation, democratic oversight, and participation in policy discussions to support the grand cause of national rejuvenation through Chinese-style modernization.
Vice Chairman of the CPPCC, Gao Yunlong, at the economic panel discussion, reiterated the importance of the All-China Federation of Industry and Commerce in deepening its understanding and implementation of President Xi Jinping’s key address at the symposium on private enterprises, as well as the guiding principles of the Two Sessions. He emphasized strengthening ideological and political leadership, ensuring effective implementation of business-related policies, and making new contributions to advancing Chinese-style modernization.
Economic-Themed Press Conference at the Third Session of the 14th National People’s Congress
On March 6, the Third Session of the 14th National People’s Congress held a press conference focused on economic issues. Senior officials from the National Development and Reform Commission (NDRC), the Ministry of Finance, the Ministry of Commerce, the People’s Bank of China (PBOC), and the China Securities Regulatory Commission (CSRC) answered questions from both domestic and international journalists.
When asked about the economic outlook for this year, Zheng Shanjie, Director of the NDRC, stated that efforts will be concentrated in four key areas: boosting consumer spending, expanding effective investment, establishing a modern industrial system, and deepening reform and opening-up.
Regarding the specifics of a more proactive fiscal policy, Minister of Finance Lan Fo’an explained that the deficit-to-GDP ratio has been set at 4% this year, with the total fiscal deficit increasing by 1.6 trillion yuan compared to last year. The issuance of new government bonds will rise by 2.9 trillion yuan, and central-to-local fiscal transfers will be allocated at 10.34 trillion yuan—an 8.4% increase—along with strengthened financial support for key sectors.
On the topic of boosting domestic consumption, Minister of Commerce Wang Wentao highlighted that, in addition to continuing last year’s policy of trade-in incentives for old goods, this year’s strategy will focus on expanding the scope and upgrading benefits to better serve the public. Moreover, efforts will be made to further open the domestic market and expand service consumption.
Governor of the People’s Bank of China, Pan Gongsheng, announced plans to intensify financial support for critical strategic industries, key sectors, and underdeveloped areas. He also mentioned the expansion of relending programs for technological innovation and industrial upgrades, along with the introduction of new structural monetary policy tools.
Chairman of the China Securities Regulatory Commission, Wu Qing, stated that efforts this year will focus on enhancing the inclusiveness of the multi-tiered capital market, promoting the efficient allocation of market resources toward emerging industries, new business models, and cutting-edge technologies.
During the press conference, officials also addressed media inquiries on issues such as local government debt, new productive forces, and foreign trade.
Domestic Broadcast News
“Two New” Policy Spurs Significant Growth in Equipment Procurement and Consumer Product Upgrades
According to the latest data from the State Taxation Administration, since the implementation of the “Two New” Policy, as of February this year, nationwide corporate spending on machinery and equipment has risen by 5.9% year-over-year, while expenditures on digital equipment surged by 15.4%. Meanwhile, consumer product replacement initiatives have yielded remarkable results—with sales revenues in the household appliances and furniture retail sectors increasing by 28.6% and 18.6%, respectively—and national sales of new energy vehicles climbing by 45% compared to last year.
Expansion of the Equity Investment Pilot for Financial Asset Investment Companies
A notice issued by the Financial Regulatory Administration has extended the scope of the equity investment pilot for financial asset investment companies from 18 pilot cities to encompass the entire provinces in which these cities are located. The directive also supports eligible commercial banks in establishing such companies and encourages insurance funds to participate in the pilot. This expansion is designed to mobilize additional capital and resources, thereby further enhancing support for technological innovation and private enterprises.
North Extension of the Emergency Water Supply Project on the Eastern Route of the South-to-North Water Diversion Surpasses 1 Billion Cubic Meters
The Ministry of Water Resources reports that, as of early March, the first phase of the North Extension Emergency Water Supply Project on the Eastern Route of the South-to-North Water Diversion has cumulatively diverted over 1 billion cubic meters of water. This substantial volume has provided a vital supplementary water source for ecological and agricultural needs in parts of Hebei, Tianjin, and Shandong, and it has served as a main water supply to support the full integration of the Beijing-Hangzhou Grand Canal.
Western Regions’ Foreign Trade Exports and Imports Exceed 4 Trillion Yuan for the First Time in 2024
According to Chengdu Customs statistics, in 2024 the 12 provinces (regions and municipalities) in Western China recorded total goods trade of 4.05 trillion yuan, marking the first instance that the region’s foreign trade scale has surpassed 4 trillion yuan—an 8.3% year-over-year increase. Notably, exports of notebook computers, tablets, and plug-in hybrid passenger vehicles each accounted for over 40% of the national total in their respective categories.
Record-Breaking Inbound and Outbound Flights at Beijing’s Dual-Hub Airports in the First Two Months
During the first two months of this year, Beijing’s dual-hub airports—Capital International Airport and Daxing International Airport—handled a record 19,500 flights for international arrivals and departures, up 24.7% year-over-year, with 3.72 million border-crossing passengers (a 26.2% increase). These impressive figures underscore the significant progress in the construction of the Capital International Exchange Center.
31st Chinese Medical Team to Guinea Sets Off
On March 5, the 31st Chinese Medical Team designated for Guinea departed for Conakry, the capital, to undertake an 18-month foreign aid mission. The 24-member team, comprising specialists from 18 departments—including cardiology, neurology, and critical care—from Beijing, will not only provide essential medical services to the local populace but also assist in advancing hospital infrastructure and public health systems.
“National Recruitment Action” in Progress—Employment Guidance Tour at Universities
On March 6, China Central Television hosted the “National Recruitment Action—Employment Guidance College Tour” at Beijing University of Science and Technology, aimed at enhancing job-seeking skills among university students. Concurrently, an online “Youth Insight Student Employment Guidance Zone” was launched to provide convenient “cloud counseling” services.
International Praise for China’s Innovative Development Injecting New Global Momentum
International observers have noted that the Two Sessions have vividly demonstrated the robust forward momentum of the Chinese economy. Embracing innovation and future technologies with an open attitude, China’s model of modernization and high-quality development is delivering fresh impetus for global innovation and growth. Many international voices also regard China as a reliable “ballast” for the global economy, with its economic resilience and development potential injecting increased dynamism and certainty into an ever-volatile global landscape.
International Broadcast News Flash
US Suspends Intelligence Sharing with Ukraine
CIA Director Rattcliffe announced on the 5th that the United States has suspended the sharing of intelligence with Ukraine. The Pentagon had earlier confirmed a halt in arms supplies to Ukraine. Later that evening, the White House explained that this suspension is intended to “review” and “reconsider” the aid provided.
South Korean Fighter Jet Misfires Bombs During Exercise, 15 Injured
According to Korean media on the 6th, during a joint South Korea–US military exercise, a shell mistakenly fell into a residential area in Pocheon, Gyeonggi Province, injuring 15 people—2 of whom sustained serious injuries—and causing damage to several buildings. The South Korean Air Force later stated that preliminary investigations indicate the accident resulted from a misentered coordinate by a fighter pilot, which inadvertently triggered the release of eight Mk-82 bombs.
Widespread Power Outage Strikes Buenos Aires
In the early hours of the 5th, a large-scale power outage swept through Buenos Aires, Argentina’s capital. Although power briefly resumed in the morning, it was lost again at noon. During the outage, local traffic signals went dark, several metro lines were suspended, and some schools closed, affecting over 360,000 users. As of the afternoon of the 5th, half of those affected had yet to have power restored. Local media reported that a fault in the high-voltage transmission lines in the capital was the primary cause of the outage.
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