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Great efforts were made to improve and supervise the implementation of the Constitution. Chairman and vice chairpersons of the NPC Standing Committee personally led programs to supervise the implementation of laws while the mechanisms of supervising the administration were streamlined.

Liu Yunshan, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, joined NPC deputies from Inner Mongolia Autonomous Region in their panel discussion.

First, we accelerated the reform of the budgetary management system. We transferred local educational surcharge and ten other items from the budgets of government-managed funds into general public budgets. We drew up management regulations for the budgets of central state capital operations, transferred more funds from such budgets into general public budgets, and established a mechanism for making transfer payments from the budgets of central government state capital operations to the budgets of local government state capital operations. We moved forward with medium-term financial planning. We made further progress in organizing and integrating special transfer payments, cutting the number of items from 150 in 2014 to 96 in 2015. We established a standardized mechanism for local governments to secure financing through bond-issuance, placed local government debt under budgetary management by category, and imposed ceilings for such debt. All local government bonds are now issued and repaid by their respective provincial governments. We enacted regulations and operational guidelines for the preparation of government financial reports, published basic principles on government accounting, and revised the general fiscal budget accounting system.

At the end of last year, Nestle has strengthened its global capabilities in e-commerce by signing a strategic cooperation partnership with Alibaba, China's biggest online trader, to increase its online sales and build its brands.

"We need to increase communication and coordination, and work together to secure the stability of the international financial market," said the premier.