2020-06-29
139
| Investment & Financing | Ÿ We further streamlined investment items requiring approval, and abolished institutional restrictions on the use of power to make investment decisions, thus helping to boost the vitality of nongovernmental investment. Ÿ We instituted more standard approval and filing procedures for investment projects, and drafted documents on notification filing procedures. Ÿ We set up a robust mechanism for monitoring investment trends, strengthened guidance by issuing more information, and improved regulatory measures that indirectly affect investment. Ÿ We improved online monitoring mechanisms for investment and enhanced compliance oversight to ensure all types of investment activities are conducted in accordance with law. Ÿ We moved forward reform in the engineering consultancy industry, accelerated the establishment of credit systems for the sector, strengthened its supervision, and improved investment services. |
| Price | Ÿ We overhauled natural gas city gate prices for household users, improved natural gas pricing mechanisms, and strictly controlled seasonal adjustments to natural gas prices for non-household users. Ÿ We continued to reform trans-provincial and trans-regional electricity transmission and distribution prices, and promoted rational allocation of electricity resources and market-based electricity transactions. Ÿ We advanced the mechanisms through which the on-grid electricity price is determined by competition for electricity distribution projects among onshore wind power stations, offshore wind power stations, and centralized photovoltaic power stations; lowered the benchmark on-grid price of electricity generated by photovoltaic power stations and subsidy standards for per kilowatt hour of distributed photovoltaic electricity; and reduced trans-provincial and trans-regional electricity transmission and distribution prices for clean energy from newly installed capacity. Ÿ We conducted performance assessments of 2017 work relating to the comprehensive price reform of water used in agriculture, and published the Circular on Intensifying Efforts to Advance the Comprehensive Price Reform of Water for Agricultural Use. By the end of 2018, this reform had been completed on a total of 8.67 million hectares of rural land. Ÿ We appropriately adjusted the minimum purchase prices for rice and wheat, made this policy more flexible, and ensured it functioned well in protecting farmers’ basic interests. |
| Electricity | Ÿ We made progress in the reform to raise the number of electricity distributors: we completed the third round of pilot projects, and issued a circular on advancing the reform; the first three rounds consisting of a total of 320 pilot programs have basically covered all cities at and above prefecture level. Ÿ We took steady steps to develop forward markets for electricity, published detailed rules on forward trade of electricity in 23 regions such as the Beijing-Tianjin-Tangshan region and the western Inner Mongolia, and initiated 14 ancillary service markets such as markets in northeast China, north China, Fujian, and Shanxi. Ÿ We promoted the independent operation of electricity trading agencies, and carried out joint-stock reform of electricity trading centers. Ÿ We sped up the development of spot trading markets for electricity and launched eight pilot spot trading markets. |
| Petroleum & Natural Gas | Ÿ We made progress in reforming the operational mechanisms for oil and natural gas pipelines, and promoted independent operation of oil and gas trunk lines. Ÿ We deepened reform of the system for petroleum and natural gas exploration and exploitation, and made further explorations on transferring the prospecting rights for conventional oil and gas blocks to private capital. Ÿ We accelerated reform of natural gas prices, and brought natural gas city gate prices for household users into line with those for non-household users. Ÿ We worked faster to establish systems for the production, supply, reserve, and sale of natural gas so as to ensure its steady supply. |
5) The Belt and Road Initiative made new advances.
A symposium was held to mark the fifth anniversary of the Belt and Road Initiative (BRI). During the symposium the BRI’s future trajectory was outlined with a view to ensuring it continues building momentum and producing concrete outcomes. Focusing on key areas and key countries, we worked to build on the collective desire for cooperation and promoted the coordination of development plans. To date, a total of 171 inter-governmental cooperation documents have been signed with over 150 countries and international organizations.
We steadily increased international industrial-capacity cooperation. The positive effect of industrial concentration in overseas economic and trade cooperation zones was much more noticeable, and third-market cooperation documents were signed with over ten countries, including France, Japan, and Singapore. There was substantial progress in key BRI projects like the China-Laos and China-Thailand rail lines and the China-UAE Industrial Park. Construction is fully underway on the Jakarta-Bandung high-speed line and making smooth progress on key port projects like Gwadar in Pakistan. We made important improvements to the quality and efficiency of the China-Europe freight train services. The services have so far registered over 13,000 trips, and have seen a 20-percentage-point increase in the number of return journeys to China. Marked progress was made in aviation connectivity among BRI countries, with the opening of 106 new air routes.
The BRI International Science Organizations Alliance was established to promote collaboration on building technology transfer platforms between China and ASEAN, Arab states, and countries in south Asia, central Asia, and central and eastern Europe, and to co-establish science and technology parks with the Philippines, Indonesia, and six other countries. We successfully hosted the Beijing Summit of the Forum on China-Africa Cooperation, which produced many positive outcomes. Work on the Digital Silk Road progressed steadily with the signing of cooperation MOUs with 16 countries, and faster moves were made to promote Silk Road E-Commerce across the globe with the signing of cooperation agreements with 17 countries.
