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4.6 The role of government in the banking and financial systems
Previously the RRR was 17 percent for large banks and 15 percent for smaller ones.
6.11 Environmental policy: Curtailing urban air pollution
It will oversee the management of China's grasslands, forests, wetlands, water and maritime resources, and urban and township planning.
2.3.4 Central working organs and Leading Small Groups
As result of the current restructuring, the United Front Work Department assumes the responsibilities of guiding and supervising three authorities, which are the State Ethnic Affairs Commission, the State Administration for Religious Affairs and the Overseas Chinese Affairs Office of the State Council. The State Ethnic Commission remains institutional with the State Council, while the last two authorities were incorporated into United Front Work Department. Such changes allow the United Front Work to directly connect with various religious, ethnic and social organizations.
2.4.1 The State Council and its inner cabinet
The Ministry of Emergency Management (MEM) (应急管理部) officially started operating on April 16. Executive Vice-Premier Han Zheng attended the inauguration ceremony and inspected the Ministry’s command center. MEM concentrates management duties related to various natural disasters, such as flood, fire, earthquake as well as industrial accidents, which were previously spread over thirteen authorities and ministries. Since the founding the National Security Committee in 2014, some Chinese experts have advocated building such a jointed mechanism to increase the efficiency of coordination and handling during a natural disaster or social crisis.
The State Agency for International Development Cooperation (IDCA) (国家国际发展合作署), has been officially launched on April 18. According to the restructuring of the State Council, IDCA is tasked with drafting aid policies and overall planning as well as monitoring projects. However, the implementation of projects will remain with various ministries. Both Yang Jiechi, the Office Director of the Central Foreign Affairs Commission, and Wang Yi, the State Councilor and Foreign Minister, took part in the opening ceremony.
The State Councilor Xiao Jie officially unveiled the Ministry of Ecological Environment (MEE) (生态环境部) on April 16. This new body upgrades the former Ministry of Environmental Protection through adopting tasks such as the battle against emissions reduction, sea, river and underground water pollution as well as agricultural pollution and marine conservation etc., which were previously spread out among different ministries. Through such concentration of power and resource, the government hopes that environmental regulations will be implemented more efficiently and strictly.
The Ministry of Veterans Affairs (MVA) (退役军人事务部) officially opened on April 16. Vice-Premier Sun Chunlan took part in the opening ceremony. This new ministry is tasked with helping former soldiers smoothly integrate into the job market as well as ensure swift access to their pensions and retirements benefits. According to official statistics there are already 57 million retired military personnel. Furthermore, 300,000 military officials and soldiers should be cut during the ongoing military reform, as Xi Jinping announced in 2015.
4.4 The political initiation and implementation of economic reform
China continues in its determination to build world class artificial intelligence in the country. The sector is rapidly growing with China’s SenseTime becoming the world’s highly valued AI start-up, raising over 600 million USD. The booming sector also attracted foreign companies to invest and participate. Meanwhile local governments are rolling out massive new plans to strengthen the industry. As an example, Beijing has just announced plans to build a 2.2 bn USD AI development park. Efforts are also made to fill the talent gap by boosting education as well as attempts to attract foreign talent.
6.16 Internet security: National IT independence and China’s cyber policy
At this conference, held from April 20-21, Xi called for the development of a cyber governing network led by the Party and stressed that China must endeavor to achieve breakthroughs in core information technologies, while pledging to devote more resources to this issue. Xi also reiterated China’s goal of changing global cyber governance to better fit China’s needs and interests.
1.4 Utilizing information and data from China
In an effort to improve economic data the National Bureau of Statistics has introduced a new official unemployment report. Unemployment rate will be based on a survey in large cities on a monthly basis. The unemployment figures in China have long been criticized and considered unreliable.