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Govt policy moves from the past week (Dec 18-24)

Updated: Dec 26,2016 5:15 PM

State Council executive meeting on Dec 21

The State Council executive meeting on Dec 21 passed a sanitation and health plan for the 13th Five-Year Plan period and major tasks in furthering medical reforms, decided to accelerate the construction of post-disaster water conservancy projects and improve urban drainage waterlogging systems, and approved the assessment results of the State Science and Technology Awards.

Open elderly care service market

According to the latest State Council circular, China will further reform the elderly care service industry, lower the entry threshold, improve elderly people’s living conditions in communities, and enhance the supply of comprehensive services.

Develop strategic emerging industries

The State Council issued a circular for the development of strategic emerging industries in the next five years.

Strategic emerging industries are expected to account for about 15 percent of China’s gross domestic product by 2020.

The circular names five pillar industries — information technology, high-end manufacturing, biology, green and low carbon, and digital creation — and each should have an annual turnover of 10 trillion yuan ($1.44 trillion).

It also plans to encourage more integration across sectors to create 1 milli