Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Jan. 12 (Xinhua) — China's National Development and Reform Commission (NDRC) on Monday issued a draft regulation to improve the assessment of the appropriateness of government investment funds and the management of their allocation.
This step aims to use these funds more effectively to implement national strategies, promote industrial modernisation and stimulate innovation and entrepreneurship.
The document emphasizes the role of fund allocation assessment in the management of government investment funds to align them with national industrial policy and support the creation of a modern industrial system.
It also calls for stronger coordination between national-level funds and local government funds to support key national strategies, key sectors and areas of weakness where the market cannot fully play its role.
The document establishes evaluation criteria focused on the effectiveness of funds in supporting national strategies, such as the development of new-quality productive forces, technological innovation, commercialization of research results, the growth of “patient capital,” and the provision of public welfare.
Additional indicators assess the level of compliance of the funds used with the country's regional strategies, priority investment areas and the efficient use of production capacity, as well as the implementation of relevant policies.
The State Committee for Reconstruction and Development (SCRD) stated that the final assessment results will be communicated to provincial governments, relevant agencies, assessed organizations, and financial institutions. The results will be published through the registration system.
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