Wuhan’s Daily Supplies Guaranteed

Wuhans Daily Supplies Guaranteed

Guided by the leading group of the Communist Party of China on the prevention and control of the novel coronavirus outbreak， the National Development and Reform Commission （NDRC） and the Ministry of Commerce took the lead in establishing a work group dedicated to ensuring the supplies for daily needs especially in epidemic-hit regions.

Since its establishment， all departments involved have been working hard to fulfill their responsibilities. Special teams have also been set up for ensuring daily supplies and maintaining price stability in Wuhan and other key areas.

Chen Da， deputy director of the Department of Trade of the NDRC， said that the work in key areas like Wuhan mainly focuses on ensuring the supply of daily necessities， such as vegetables， meat， grain， and cooking oil.

According to Chen， their work includes three key aspects： First， a daily monitoring and reporting system has been put in use to monitor the supply and price of large wholesale markets in Wuhan. Second， major reserves of living supplies are stored in neighboring provinces which can be transported to Hubei Province and its capital city Wuhan at any time. Third， express passages for fresh agricultural products have been established.

Grain Output in 2020 to Hit 650 Million Tons

According to a work plan for 2020 issued recently by the Ministry of Agriculture and Rural Affairs， the agricultural supply-side structural reform needs to be deepened， agricultural output and farmers income need to be ensured， and the green and high-quality development of agriculture should be promoted. While fighting the novel coronavirus outbreak， food security should be guaranteed in a bid to lay a solid foundation for the country to meet the goal of building a moderately prosperous society in all respects.

To this end， three aspects must be in place. First， efforts should be made to ensure that the planting area of the major grain crops remain above 9.33 million hectares and that the overall grain output will reach above 650 million tons. Second， continuous efforts should be made to optimize the planting structure and increase the supply of green and highquality agricultural products. Third， industrial clusters in the agricultural sector with regional advantages should be built to promote the integrated development of the primary， secondary， and tertiary industries， and improve the quality， efficiency， and competitiveness of the farming industry.

Foreign Investement in China Sets Record in 2019

In 2019， against the background of slowing global economic growth， sluggish cross-border investment， increased uncertainty in the international community， and intensified competition among countries to attract investment， China still absorbed a large amount of foreign investment.

The total investment reached RMB 941.52 billion（US $134.81 billion）， an increase of 5.8 percent over the previous year， ranking China first among developing countries and second in the world.

In addition to this， more than 1 million foreign-invested enterprises had set up offices in China by the end of 2019， a number that has symbolic significance.

China issued and implemented a series of regulations and policies last year， including the new Foreign Investment Law， the State Councils 20 articles on stabilizing foreign investment， and the new version of the negative list for foreign investment， which have combined to boost the confidence of foreign investors.

It is worth noting here that more big projects have been launched， the structure of foreign investment has continued to improve， investment in China from some developed economies has grown rapidly， and all the while the pilot free trade zones have played a great role in attracting investment.

China Improves Subsidy Policy for Renewable Energy Power

According to a revised document released recently， the Ministry of Finance will allocate subsidies to power grid enterprises and provincial financial departments for renewable energy power generation projects in accordance with the principle of expenditure determined by revenue.

New projects that are included in the national management will be allocated with full subsidy funds. While for stock projects that are included in the subsidy catalogue， the power grid enterprises shall determine the order of allocation of subsidy funds and make them public. Projects like photovoltaic power generation as part of poverty alleviation efforts have the priority to get subsidiary funds.

Under the general principle of “determining expenditure by revenue” for new projects， the revised method clarifies the requirement that “subsidies to new projects will not be postponed，” and projects for poverty alleviation and household use are made priorities in the subsidy program. In addition， the problem of overdue subsidy payments for stock projects has been offered an solution， which is conducive to unleashing the demands of domestic photovoltaic industry.