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During his research visit to Beijing, Li Hongzhong emphasized: Actively leverage the functions of the National People's Congress to better serve high-quality development.

Li Hongzhong, a member of the Political Bureau of the CPC Central Committee and Vice Chairman of the Standing Committee of the National People's Congress (NPC), conducted research in Beijing on May 7. He emphasized the need to adhere to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as guidance, thoroughly study and implement the spirit of General Secretary Xi Jinping's important speeches during the National People's Congress and the Chinese People's Political Consultative Conference (NPC and CPPCC) sessions, earnestly implement the arrangements of the Fourth Plenary Session of the 20th CPC Central Committee and the "15th Five-Year Plan" outline, actively leverage the functions of the NPC, and better serve high-quality development. Li Hongzhong visited China Iron & Steel Research Institute Group Co., Ltd. and China Aero Engine Corporation Co., Ltd., investigating the companies' production and operation, technological innovation, and industrial upgrading; and visited Beijing ByteDance Technology Co., Ltd. to learn about its artificial intelligence business and how its internet platform promotes public welfare. Li Hongzhong pointed out that the CPC Central Committee with Comrade Xi Jinping at its core emphasizes unswervingly consolidating and developing the public sector of the economy and unswervingly encouraging, supporting, and guiding the development of the non-public sector of the economy. The NPC should implement the requirements of "two unswervings," serve the deepening of the classified reform of state-owned enterprises, improve the legal system for state-owned assets, and help strengthen, optimize, and expand state-owned enterprises and state-owned capital; promote the improvement of supporting regulations and policies for the Law on Promoting the Private Economy, promote the healthy development of the private economy, and fully stimulate the vitality of various business entities. Li Hongzhong emphasized that building a modern industrial system and achieving an overall leap forward in the industrial system is a crucial strategic task during the 15th Five-Year Plan period. The National People's Congress should focus on new deployments such as consolidating and strengthening the foundation of the real economy and leading the development of new productive forces, strengthen institutional supply and legal safeguards, actively promote legislation in emerging fields such as artificial intelligence, low-altitude economy, and biomedicine, improve the ecosystem for industrial innovation and development, and cultivate and strengthen new growth drivers. (Xinhua News Agency)
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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