The 12th meeting of the Standing Committee of the 14th National People's Congress today (8th) deliberated and approved the most vigorous debt reduction measures in recent years: increasing the local government debt limit by 6 trillion yuan to replace the stock of hidden debt, making room for local governments to better develop the economy and protect people's livelihood.
The 10th meeting of the Standing Committee of the 14th National People's Congress voted on June 28 to pass the Law of the People's Republic of China on Rural Collective Economic Organizations, which will come into force on May 1, 2025. The Law on Rural Collective Economic Organizations clearly stipulates that the state protects the legitimate rights and interests of rural collective economic organizations and their members, and no organization or individual may infringe upon them. The state prom...