In­spec­tion tar­gets work to boost con­sump­tion

China Daily (Hong Kong) - - POLICY REVIEW -

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

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