National Standing Committee: It is necessary to crack down on fraudulent subsidies and cover-ups to ensure that subsidy funds are used effectively and effectively

On August 22nd, Li Qiang presided over an executive meeting of the State Council to hear a report on the implementation of large-scale equipment renewal and consumer goods trade-in policies. The meeting pointed out that large-scale equipment renewal and consumer goods trade-in policies have achieved remarkable results in stabilizing investment, expanding consumption, promoting transformation, and benefiting people's livelihood. On the basis of a careful summary and evaluation of the implementation of the policy, we should strengthen overall planning and coordination, improve the implementation mechanism, and better play a role in promoting the expansion of domestic demand. It is necessary to crack down on fraudulent subsidies and cover subsidies to ensure that subsidy funds are used in practice and see practical results. It is necessary to further strengthen policy support such as fiscal, taxation and finance, innovate consumption investment scenarios, optimize the consumption investment environment, and comprehensively implement policies to release the potential of domestic demand.