Chairing a seminar on February 8 to solicit opinions on the Government Draft Work Report,
Li Keqiang said that in the past year, under the strong leadership of the Party Central
Committee with Comrade Xi Jinping at its core, China’s development has made new and hardwon achievements. "Outbreaks and other unexpected factors that had a severe impact on the
economy; we responded in a timely and decisive manner to these, implemented announced
policy measures, introduced a package of policies and follow-up measures to stabilise the
economy, and held a national teleconference on stabilising the economy. We implemented
large-scale tax rebates, tax reductions and fee reductions to help small and medium-sized
enterprises and individual industrial and commercial households’ tide over the difficulties and
support stable employment and people's livelihood. Innovative policy tools were devised to
support major project construction, equipment renovation, and expand investment and
consumption. There was a focus on grain production and energy supply, which laid a solid
foundation for price stability.
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