国内英语资讯:China releases regulation on government investment
<p><span word="BEIJING">BEIJING</span>, <span word="May">May</span> 5--<span word="China">China</span>'<span word="s">s</span> <span word="State">State</span> <span word="Council">Council</span> <span word="released">released</span> <span word="on">on</span> <span word="Sunday">Sunday</span> <span word="a">a</span> <span word="regulation">regulation</span> <span word="on">on</span> <span word="government">government</span> <span word="investment">investment</span> <span word="to">to</span> <span word="deepen">deepen</span> <span word="the">the</span> <span word="reform">reform</span> <span word="on">on</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="investment">investment</span> <span word="and">and</span> <span word="financing">financing</span> <span word="mechanism">mechanism</span> <span word="and">and</span> <span word="enhance">enhance</span> <span word="law">law</span>-<span word="based">based</span> <span word="administration">administration</span>.</p><p><span word="The">The</span> <span word="regulation">regulation</span>, <span word="made">made</span> <span word="public">public</span> <span word="through">through</span> <span word="a">a</span> <span word="State">State</span> <span word="Council">Council</span> <span word="decree">decree</span> <span word="signed">signed</span> <span word="by">by</span> <span word="Premier">Premier</span> <span word="Li">Li</span> <span word="Keqiang">Keqiang</span>, <span word="will">will</span> <span word="go">go</span> <span word="into">into</span> <span word="effect">effect</span> <span word="on">on</span> <span word="July">July</span> 1.</p><p><span word="It">It</span> <span word="clearly">clearly</span> <span word="defines">defines</span> <span word="the">the</span> <span word="scope">scope</span> <span word="of">of</span> <span word="government">government</span> <span word="investment">investment</span> <span word="to">to</span> <span word="ensure">ensure</span> <span word="the">the</span> <span word="investment">investment</span> <span word="focuses">focuses</span> <span word="on">on</span> <span word="key">key</span> <span word="areas">areas</span> <span word="and">and</span> <span word="goes">goes</span> <span word="where">where</span> <span word="it">it</span> <span word="is">is</span> <span word="targeted">targeted</span>.</p><p><span word="Government">Government</span> <span word="investment">investment</span> <span word="or">or</span> <span word="fixed">fixed</span>-<span word="assets">assets</span> <span word="investment">investment</span> <span word="using">using</span> <span word="budgeted">budgeted</span> <span word="funds">funds</span> <span word="is">is</span> <span word="a">a</span> <span word="significant">significant</span> <span word="function">function</span> <span word="of">of</span> <span word="the">the</span> <span word="government">government</span>, <span word="which">which</span> <span word="bears">bears</span> <span word="on">on</span> <span word="overall">overall</span> <span word="economic">economic</span> <span word="development">development</span> <span word="and">and</span> <span word="plays">plays</span> <span word="an">an</span> <span word="important">important</span> <span word="role">role</span> <span word="in">in</span> <span word="implementing">implementing</span> <span word="national">national</span> <span word="development">development</span> <span word="strategies">strategies</span> <span word="and">and</span> <span word="driving">driving</span> <span word="up">up</span> <span word="social">social</span> <span word="capital">capital</span> <span word="investment">investment</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="joint">joint</span> <span word="statement">statement</span> <span word="by">by</span> <span word="the">the</span> <span word="Ministry">Ministry</span> <span word="of">of</span> <span word="Justice">Justice</span> <span word="and">and</span> <span word="the">the</span> <span word="National">National</span> <span word="Development">Development</span> <span word="and">and</span> <span word="Reform">Reform</span> <span word="Commission">Commission</span>.</p><p><span word="It">It</span> <span word="is">is</span> <span word="also">also</span> <span word="essential">essential</span> <span word="in">in</span> <span word="preventing">preventing</span> <span word="risks">risks</span>, <span word="improving">improving</span> <span word="the">the</span> <span word="weak">weak</span> <span word="links">links</span> <span word="in">in</span> <span word="national">national</span> <span word="development">development</span>, <span word="optimizing">optimizing</span> <span word="supply">supply</span> <span word="structure">structure</span> <span word="and">and</span> <span word="increasing">increasing</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="development">development</span> <span word="potential">potential</span>, <span word="the">the</span> <span word="statement">statement</span> <span word="noted">noted</span>.</p><p><span word="CLEAR">CLEAR</span>-<span word="CUT">CUT</span> <span word="INVESTMENT">INVESTMENT</span> <span word="SCOPE">SCOPE</span></p><p><span word="According">According</span> <span word="to">to</span> <span word="the">the</span> <span word="regulation">regulation</span>, <span word="government">government</span> <span word="investment">investment</span> <span word="should">should</span> <span word="be">be</span> <span word="channeled">channeled</span> <span word="to">to</span> <span word="the">the</span> <span word="public">public</span> <span word="sectors">sectors</span> <span word="where">where</span> <span word="resources">resources</span> <span word="cannot">cannot</span> <span word="be">be</span> <span word="effectively">effectively</span> <span word="allocated">allocated</span> <span word="by">by</span> <span word="the">the</span> <span word="market">market</span>, <span word="and">and</span> <span word="mainly">mainly</span> <span word="target">target</span> <span word="non">non</span>-<span word="operational">operational</span> <span word="projects">projects</span>.</p><p><span word="As">As</span> <span word="government">government</span> <span word="investment">investment</span> <span word="concerns">concerns</span> <span word="the">the</span> <span word="relations">relations</span> <span word="between">between</span> <span word="government">government</span> <span word="and">and</span> <span word="market">market</span>, <span word="the">the</span> <span word="government">government</span> <span word="must">must</span> "<span word="know">know</span> <span word="what">what</span> <span word="to">to</span> <span word="do">do</span> <span word="and">and</span> <span word="what">what</span> <span word="not">not</span> <span word="to">to</span> <span word="do">do</span> <span word="with">with</span> <span word="its">its</span> <span word="investment">investment</span>" <span word="and">and</span> "<span word="eliminate">eliminate</span> <span word="inefficiency">inefficiency</span>, <span word="waste">waste</span> <span word="while">while</span> <span word="avoiding">avoiding</span> <span word="scrambling">scrambling</span> <span word="for">for</span> <span word="profit">profit</span> <span word="with">with</span> <span word="the">the</span> <span word="people">people</span>," <span word="the">the</span> <span word="statement">statement</span> <span word="explained">explained</span>.</p>
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