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"China's remarkable progress in reducing extreme poverty has significantly contributed to the decline in global poverty," noted Hoon S. Soh, World Bank Program Leader for economic policy for China.
Zhang said the move is in line with the basic policy to uphold and develop socialism with Chinese characteristics in the new era, adopted at the 19th National Congress of the Communist Party of China (CPC) in October 2017.
Long-standing as they are, these traditions touch upon reality for Chinese people this year, as the country is determined to win the battle against poverty, improve people's lives and build a great modern socialist country.
The meeting called for improvement in the rule of law and promoting comprehensive legislation and legislative process in key areas, as well as deeper integration in military and civilian development.
Measures to raise stable, low-cost equity investment funds for the medium and long run will be brought forward, as well as those to set up private equity funds targeting debt-to-equity swaps. The capital market will be given a greater role in the merging, restructuring and optimizing of capital stock. A plan to conduct equity-swap transactions through the multilevel capital market will also be worked out.
来源：资阳报