Page 13 - REPORT ON THE WORK OF THE STANDING COMMITTEE OF THE NATIONAL PEOPLE’S CONGRESS

(1) We conducted examinations and oversight of plans, budgets, and final
accounts and oversight of state-owned asset management.

We revised a decision on strengthening oversight of economic work, heard
and deliberated reports on the implementation of plans for national economic
and social development and the midterm assessment report on the
implementation of the 13th Five-Year Plan (2016-2020), and examined and
approved the Outline of the 14th Five-Year Plan for Economic and Social
Development (2021–2025) and Long-Range Objectives through the Year 2035.

We held quarterly meetings to analyze the economic situation and
strengthened preliminary examination of plans and oversight of major
matters.

We revised a decision on strengthening examination and oversight of
central government budgets and carried out reforms to expand the focus of
budgetary examination and oversight by people’s congresses. Each year, we
heard and deliberated reports on central final accounts, budget execution, and
auditing of central budget execution and other fiscal revenues and
expenditures, and we heard and deliberated reports on the rectification of
problems discovered through audits and worked to see that these problems

were truly resolved.
Exercising oversight of government funds in specific key areas, we heard

and deliberated reports on the allocation and use of government funds for
medical and health care, environmental protection, agriculture and rural
areas, transportation, and social security, with our focus on policy
implementation and use of funds.

Strengthening oversight of state-owned asset management was a decision
made by the Party Central Committee and a new function conferred on the
NPC Standing Committee. In response, we adopted a decision and
formulated and implemented a five-year plan on enhancing oversight of
state-owned asset management. Hearing and deliberating annual
comprehensive reports on the management of state-owned assets, we selected

key areas and conducted oversight each year. We heard and deliberated
special reports on the management of state-owned assets held by financial
firms, government offices and public institutions, and enterprises. We also
heard and deliberated a special report on the management of state-owned
natural resource assets. In doing so, we helped make state-owned asset
management better planned and regulated.

(2) We heard and deliberated work reports on specific issues.

Regarding the pursuit of high-quality development, we heard and
deliberated reports on promoting innovation-driven development,
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