Page 66 - REPORT ON THE IMPLEMENTATION OF THE 2022 PLAN FOR NATIONAL ECONOMIC AND SOCIAL EVELOPMENT AND ON THE 2023 DRAFT PLAN FOR NATIONAL ECONOMIC AND SOCIAL EVELOPMENT

housing provident funds, and support people in buying their first home or
improving their housing situation. We will address the housing difficulties faced

by new urban residents and young people, increase the supply of
government-subsidized rental housing, and ensure well-regulated development of
the long-term rental market. We will see that responsibilities are fulfilled by all
stakeholders to ensure the delivery of housing projects, safeguard people’s

livelihoods, and protect social stability. We will carefully formulate and implement
plans for helping quality real estate enterprises improve their balance sheets and
effectively forestall and defuse risks from leading enterprises.
We will continue to address and defuse risks associated with key institutions,

actively respond to the resurgence of non-performing assets, and advance reform
and risk mitigation for small and medium banks, insurance agencies, and trust
companies in an orderly way. This will enable us to forestall regional and systemic
risks. We will strengthen and refine modern financial supervision to place all types
of financial activities under supervision in accordance with the law. We will closely

watch and analyze imported risks that arise from global economic and financial
fluctuations, pay close attention to the risks of downturns in interconnected
domestic and international financial markets, and dynamically adapt our response
policies and plans. To guard against and defuse local government debt risks, we

will strengthen inter-departmental coordination on oversight, improve the mix of
debt maturities, cut interest liability, and take resolute measures to curb any
increases in debt and mitigate existing debt.
2) We will ensure energy and resource security.
We will thoroughly advance the energy revolution, accelerate the planning and

development of a new type of energy system, and strengthen systems for energy
production, supply, storage, and marketing. We will improve the responsibility
system for workplace safety in the energy industry and increase our capacity for

ensuring energy security. We will strengthen the basic supporting role of coal, take
orderly steps to increase advanced coal production while ensuring safety, build
high-standard modern coal mines, better supervise the implementation of
medium- and long-term contracts between power plants and coal mines, and
enhance railway transportation capacity for coal. We will increase power

generation and supply, strengthen development of all kinds of power sources,
particularly the more reliable ones like coal-fired power, and further advance joint
operations between coal and coal-fired power and between coal-fired power and

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