China's State Council Reviews and Approves the "Regulations for the Implementation of the Mineral Resources Law of the People's Republic of China (Draft)"
2026-05-12 14:52
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en.Wedoany.com Reported - Premier Li Qiang of the State Council presided over an executive meeting of the State Council on May 9, to study and implement the important speeches by General Secretary Xi Jinping on the current economic situation and economic work, and at the symposium on strengthening basic research. The meeting pointed out the need to effectively align thoughts and actions with the Party Central Committee's scientific assessment of the situation, further boost confidence, seize opportunities amidst changes, promote development by overcoming difficulties, consolidate and expand the momentum of stable economic improvement, and strive for a good start to the "15th Five-Year Plan." Macro policies must focus on utilizing them well and fully, adhere to proactive efforts, and continuously enhance implementation effectiveness. Strengthening the domestic economic cycle requires breakthroughs in supply-demand coordination and linked upgrades, implementing and refining measures to expand capacity and improve quality in the service sector, and strengthening the planning and construction of water networks, new-type power grids, computing power networks, next-generation communication networks, urban underground pipeline networks, and logistics networks. Livelihood security efforts should focus on stabilizing employment and strengthening the social safety net, ensuring work in education, healthcare, childcare, and issues related to agriculture, rural areas, and farmers. Basic research must be strengthened with greater intensity and more practical measures, placing basic research work high on the agenda, identifying main directions and key areas based on the nation's urgent needs and long-term requirements, increasing investment through multiple measures, and focusing on fostering a sound research ecosystem. Risks and challenges must be addressed forcefully and effectively, continuously advancing risk mitigation in areas such as real estate, local government debt, and small and medium-sized financial institutions, while strictly monitoring and enforcing safety production responsibilities across all sectors to resolutely prevent major and severe accidents.

The meeting heard a report on the construction of the national comprehensive transportation system. It was noted that the construction of transportation infrastructure should be promoted in a coordinated manner, focusing on improving the comprehensive and multi-dimensional transportation network, adhering to integrated layout and system integration, effectively utilizing existing resources, and optimizing incremental supply. Management and service levels must be enhanced, creating a more convenient travel environment centered on ensuring enjoyable journeys for people and smooth flow for goods, promoting cost reduction, quality improvement, and efficiency enhancement in freight transport. Reforms and innovation should be continuously deepened to build a unified and open transportation market, actively promote the enabling application of new technologies, develop new transportation business forms safely and orderly, and cultivate more new growth points.

The meeting studied work related to advancing the resolution of local government debt risks. It was noted that since the deployment and implementation of the comprehensive debt resolution package, significant results have been achieved in mitigating debt risks. Efforts must continue to focus on key areas and weak links, consolidate local entities' primary responsibilities, improve policies supporting debt resolution, enhance local governments' autonomous debt repayment capacity, and ensure the completion of debt resolution tasks on schedule. A long-term mechanism must be established and improved to resolutely prevent the addition of new implicit debt.

The meeting reviewed and approved the "Regulations for the Implementation of the Mineral Resources Law of the People's Republic of China (Draft)." It was noted that the "Regulations" further detail the relevant institutional measures for mining rights management and all aspects of mineral resource development and utilization. It is necessary to legally strengthen the full-chain management of mineral resources, scientifically determine the catalogue of strategic mineral resources, improve resource reserve and emergency response systems, and comprehensively enhance the level of mineral resource security.

The meeting also studied other matters.

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