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In responding to the mounting downward pressure on the economy, we exercised targeted and well-timed regulation on the basis of range-based regulation. We adopted proactive fiscal policy that focused on increasing intensity and efficacy by expanding the scope of structural tax reductions, reducing fees across the board, and putting dormant budgetary funds to good use. Local government bonds issued to replace outstanding debt reached 3.2 trillion yuan, lessening the interest payment burden of local governments by approximately 200 billion yuan while also reducing their debt repayment pressure. We pursued prudent monetary policy with an appropriate amount of intensity, making several cuts to interest rates and required reserve ratios, reforming management of the loan-to-deposit ratio, creating new monetary policy tools, and increasing support for the real economy. Effective investment increased, special-purpose funds were established, and development was strengthened in areas in need of attention, including water conservancy, rundown urban areas and dilapidated rural housing, and railways and highways in the central and western regions. Consumer spending was promoted in key areas, spurring rapid growth in spending on recreational travel, online shopping, and information goods and services. In 2015, we also responded proactively to a variety of risks and challenges in the financial sector, such as unusual fluctuations in the stock market and the foreign exchange market, ensuring that no systemic or regional threats arose, thus safeguarding China's economic and financial security.

Laziness, indifference, delays and buck-passing in implementation must be punished.

On March 4, Chinese President Xi Jinping held a meeting and had joined a panel discussion with political advisors from the China Democratic National Construction Association and the All-China Federation of Industry and Commerce during the ongoing 4th session of the 12th Chinese People's Political Consultative Conference (CPPCC) or China's top political advisory body.

Havana stressed Washington's economic and financial blockade of the island remains in force despite new measures announced last week by the White House to relax aspects of the embargo.

China will work hard to raise the remaining 55.75 million poverty-stricken rural people out of poverty by the end of 2020 - an aim described as the "hard bones" of poverty eradication.