Page 67 - 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

renewable energy. Electricity transmission and distribution prices will be reviewed
and set for regional and provincial-level grids in the third regulatory period. We

will look into building a capacity remuneration mechanism for the power
generation side and accelerate the construction of ultra-high voltage transmission
routes. We will attach great importance to the planning and distribution of strong
local grids across the country, balance hydropower development and ecological

conservation, and proactively develop nuclear power in a safe and orderly way.
We will accelerate capacity building for emergency and peak-shaving power
sources and improve systems for guaranteeing their development and operation.
We will support domestic exploitation of resources such as iron ore, potassium,

and lithium. We will intensify the exploration and development of petroleum and
natural gas at home to discover more untapped reserves and increase production.
Institutions and mechanisms for managing oil products will be improved. We will
strictly control the expansion of projects to replace coal with natural gas and
ensure the steady supply of natural gas. We will improve the system for national

reserves, comprehensively develop the Ningbo-Zhoushan national storage and
transportation center for major commodities, improve our reserves distribution
and storage facility networks, and make well-conceived plans for the construction
of bases for coal-to-liquids and coal-to-gas strategic reserves.

3) We will enhance public safety governance.
With firm determination to prevent and curb serious accidents and safeguard
the life and property of our people, we will take targeted action to tackle
workplace safety risks and bolster safety supervision in key sectors and areas. We
will enhance our capacity for disaster prevention, mitigation, and relief and for

responding to and providing support during major public emergencies. Regional
emergency response capacity will be strengthened. We will enhance safety
supervision over food, drugs, products in key industries, and special equipment.

Cybersecurity will be maintained. We will take a full range of measures to
maintain law and order and firmly advance the Peaceful China Initiative, so that
no major social risks arise and our society remains stable.
10. Adopting more measures that deliver real benefits to the people and win their
approval and raising quality of life.

We will ensure and improve the people’s wellbeing in the course of pursuing
development, resolve the pressing difficulties and problems that concern them
most, continue to see that they have a stronger sense of fulfillment, happiness, and

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