On October 25, Premier Li Qiang chaired a State Council meeting, discussing the current economic landscape and the implementation of a comprehensive set of incremental policies. This meeting followed a recent initiative where State Council leaders conducted field research across various regions to assess the current economic situation and the effectiveness of these policies.

During the meeting, officials emphasized the importance of achieving annual economic and social development goals. They highlighted the need to ensure the effective implementation of these policies, advocate for timely evaluations and optimizations, and enhance counter-cyclical adjustments. The aim is to strengthen macroeconomic controls while focusing on the interaction between policies and market dynamics to incentivize various stakeholders, thereby driving growth and vitality.

In addition, the meeting addressed measures to invigorate the ice and snow economy through the high-quality development of ice and snow sports. It was noted that in recent years, there has been significant progress in promoting ice and snow sports, with a thriving ice and snow tourism industry emerging. The officials called for expanding participation in ice and snow sports, particularly among the youth, and boosting competitive levels in these activities. There’s also a commitment to solidifying the achievements of engaging 300 million people in ice and snow sports through widespread development nationwide.

The plan includes enhancing the entire industrial chain of the ice and snow economy by creating region-specific, distinctive tourism options, innovating ice and snow equipment, and building reputable brands. Furthermore, there is an emphasis on cultivating leading enterprises in the ice and snow sector and specialized small and medium-sized enterprises. Improvements in venue and facility construction, service quality, product variety, and consumer environment for ice and snow activities are also prioritized.

Additionally, the meeting approved the revised draft of the National Natural Science Fund Regulations. Officials underscored the need for strengthening foundational research as a critical pillar for building a technology-driven nation. They advocated for a more strategic, systemic approach to foundational research, including increased support for major original and interdisciplinary projects. The focus is on nurturing young scientific and technical talent to provide robust theoretical foundations and technical sources for achieving high-level technological independence.

The meeting encouraged greater participation from social forces in foundational research and urged enterprises and organizations to collaborate in funding initiatives. The establishment of cooperative mechanisms for technological innovation aims to consolidate efforts in advancing scientific progress. Furthermore, strict governance of the National Natural Science Fund management will ensure transparency and fairness, alongside a strong commitment to maintaining integrity in research practices.

Other matters were also discussed during the meeting.