2018

10-25

09:12

Source:
Xinhua

Top legislature reviews state-owned assets reports

Li Zhanshu (C), chairman of the National People's Congress (NPC) Standing Committee, attends the second plenary meeting of a bimonthly session of the 13th NPC Standing Committee at the Great Hall of the People in Beijing, capital of China, Oct. 24, 2018. (Xinhua/Liu Weibing)

BEIJING, Oct. 24 (Xinhua) -- The National People's Congress (NPC) Standing Committee, China's top legislature, on Wednesday convened a plenary meeting to review for the first time two reports submitted by the State Council on the condition of the country's state-owned assets.

Li Zhanshu, chairman of the National People's Congress (NPC) Standing Committee, attended the plenary meeting held during the ongoing bimonthly session of the NPC Standing Committee.

According to the reports, total state-owned assets in non-financial enterprises had reached 183.5 trillion yuan (about 26.4 trillion U.S. dollars) by the end of 2017, while those in financial enterprises had hit 241 trillion yuan.

The reporting mechanism was introduced by the Central Committee of the Communist Party of China in December 2017 to enhance NPC supervision of state-owned assets.

During the session, Chief Justice Zhou Qiang delivered a report on court judgment enforcement, and told lawmakers that China was making headway on the issue, as seen in forcing more than 3.2 million defaulters to pay debts as required in court judgments.

The NPC Standing Committee then heard a report on the supervision of false litigation. Procurator-General of the Supreme People's Procuratorate Zhang Jun said that in the last five years, 799 people have been prosecuted on the charge of filing false lawsuits, which refer to baseless lawsuits without merit.

Lawmakers were also briefed on the implementation of the Law on Protecting Against and Mitigating Earthquake Disasters and the Law on Quality and Safety of Agricultural Products.

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