Inspection targets work to boost consumption

The State Council released a circular on Thursday on the implementation of an accountability system to improve fire prevention measures.

Governments at county level and above have been ordered to abide by fire prevention laws and regulations, and supervise the fire safety work of lower-level authorities. They should set up inspection mechanisms and firefighting teams, as well as coordinate emergency rescue operations, the circular said.

In addition, provincial governments should take charge of organizing regular meetings on fire prevention and devising or revising local regulations, as well as related activities, and should increase investment in fire safety measures.

Authorities are also required to promote the installation of basic sprinkler systems and smoke alarms in highly populated areas, including public service centers, kindergartens, residential communities, hotels and rental properties.

The People’s Bank of China and the China Banking Regulatory Commission introduced a new loan policy on Wednesday that allows buyers of new energy vehicles to borrow a larger portion of the sale price.

Starting next week, buyers can obtain loans up to 85 percent of the cost of a “green” vehicle from a bank. The maximum loan allowed for a gas or diesel car is 80 percent.

Those looking to purchase a new energy vehicle for commercial use can obtain loans up to 70 percent of the sale price, compared with 75 per- The Ministry of Commerce and the National Development and Reform