Local govt debt rules tightened
Public hospitals in China will operate under a new system, not driven by profits, by 2020, according to a guideline the State Council, China’s Cabinet, released on July 25.
China should establish a “modern hospital management system” that adheres to putting people’s health at the center and adheres to the nonprofit nature of public hospitals and putting the public’s interest as a priority, the guideline said.
By 2020, it said, the new system will ensure that a nonprofit, more efficient and sustainable development program will be established.
The State Council will tighten regulations on local government debt issuance, as decided at the State Council’s executive meeting on July 26. It was stressed at the meeting that tackling risk from increasing debt is crucial to ensuring healthy and sustainable economic development, and safeguarding the country’s financial stability, according to a statement issued after the meeting. a slew of incentives to make the country more inviting to foreign direct investment and foreign expertise by widening market access and improving the business environment.
The negative-list based market access regime for foreign investment, already being tried in the country’s 11 freetrade zones, will be rolled out nationwide, and more sectors will be further opened to FDI, the meeting decided. Profits of foreign-invested companies will be guaranteed free flow out of China.
The government will also apply an improved work permit system for foreigners working in China. Detailed guidelines for visa application and evaluation benchmarks for widened access to foreign talent will be developed in the second half of the year. Five-to 10-year multiple-entry visas will be issued to qualified expatriates.
The Ministry of Civil Affairs recently issued a guideline on the work of preventing disabilities and helping the rehabilitation of people with disabilities.
The guideline asked civil affairs departments to implement their job responsibilities through five aspects, including actively participating in preventing cases of disability. Improving services in rehabilitation work and further pro- moting the research and applications of rehabilitation facilities are key aspects of the guideline.
It also stressed widening the social aid network for people with disabilities as well as increasing financial aid for people with severe disabilities. Social capital is also encouraged to participate in improving rehabilitation services.
The Ministry of Environmental Protection, the National Development and Reform Commission and the Ministry of Water Resources have jointly issued a guideline document on the preservation of the environment along the Yangtze River Economic Belt.
These focus on clear regulation on using water resources, fully implementing ecological preservation and restoration, and comprehensively implementing environmental protection of the area to make it more suitable for living.
It also included improving competence in dealing with environmental accidents and strictly controlling environmental risks. The guideline also stressed innovative steps for ecological preservation. istry of Civil Affairs have jointly issued a guideline on managing charitable trusts. This means a charitable trust system is taking shape in China.
The guideline stressed developing charitable funds into a major channel of charity in China, and to fully utilize trust funds and charity organizations in running charitable trusts.
The guideline also stressed preventing risk and ensuring that charitable trusts run with rule-based procedures.
The guideline includes nine chapters which give details on the setting up of charitable trusts, registrations, rules on managing, supervising, changing of charitable funds as well as releasing necessary information to the public.