A Chinese representative elaborated China's latest achievements in drug control and its advocacy for international cooperation on Monday, while calling on the global community to jointly address drug issues and safeguard the international anti-drug system.
The representative made the call at the 68th session of the Commission on Narcotic Drugs, which opened in Vienna, Austria, on the same day.
In her speech, the Chinese representative stated that China has always adhered to comprehensive governance, actively promoted the construction of a drug control system with Chinese characteristics, and achieved positive results in law enforcement, drug prevention education, and management of drug users.
Meanwhile, China has controlled 510 types of anesthetic and psychotropic drugs, and scheduled fentanyl-related substances and synthetic cannabinoids, demonstrating a high level of vigilance and resolute response to new-type drug issues.
The representative also emphasized that the global drug issues continue to spread, especially with the increasingly serious challenges posed by synthenic drugs. Countries should uphold multilateralism and work together to address the drug issues.
China is willing to work with countries to strengthen efforts in areas such as drug prevention education, drug rehabilitation, law enforcement, international cooperation, and other aspects. This includes curbing the drug supply at the source, reducing the harm of drugs, sharing experiences and resources in drug control, promoting global governance of drug issues, so as to build a community with a shared future for mankind free from the harm of drugs, contribute to global security and stability, and protect the health and well-being of humanity.
Chinese representative calls for int'l anti-drug cooperation
Chinese representative calls for int'l anti-drug cooperation
China will strengthen fiscal and financial coordination to amplify policy effectiveness, experts said as the draft central and local budgets for 2026 were unveiled on Friday at the ongoing fourth session of the 14th National People's Congress.
According to the draft central and local budgets for 2026, 1.3 trillion yuan (190 billion U.S. dollars) of ultra-long special treasury bonds will be issued to provide continued support for the implementation of major national strategies and security capacity-building in key areas and for large-scale equipment upgrades and consumer goods trade-in programs.
Ultra-long special treasury bonds totaling 800 billion yuan will be allocated to support the implementation of major national strategies and security capacity-building in key areas, and 250 billion yuan in ultra-long special treasury bonds will be earmarked for consumer goods trade-in programs.
The country will refine these programs in terms of their scope and subsidy standards, and continue to support the scrapping and replacement of automobiles, home appliance trade-in schemes, and purchases of new digital and smart products.
China will also set up a 100-billion-yuan fiscal-financial coordination fund to boost domestic demand. The fund will support consumption and private investment through loan interest subsidies, financing guarantee, and risk compensation.
"Fiscal and monetary policies are the two major macroeconomic tools for macro-control, and their coordination is crucial. For instance, fiscal funds primarily serve as a guiding role, while financial institutions provide the capital. When fiscal guidance and financial resources are combined, the synergistic effect creates a result greater than the sum of its parts," said Yang Zhiyong, director of the Chinese Academy of Fiscal Sciences.
"By leveraging interest subsidies, we can mobilize substantial credit from financial institutions, thereby naturally stimulating consumption. The Ministry of Finance, in collaboration with the People's Bank of China, has introduced highly innovative measures, such as providing guarantees for the issuance of corporate bonds by small and medium-sized enterprises (SMEs), and compensating investors for losses. I believe the leveraging effect, making minimal efforts for maximum results, will become even more potent," said Yao Dongmin, director of the Center for China Fiscal Development under the Central University of Finance and Economics.
China's top legislature opened its annual session on Thursday morning at the Great Hall of the People in Beijing, with Chinese President Xi Jinping and other Party and state leaders attending the opening meeting alongside more than 2,700 NPC deputies. This year's NPC session is scheduled to run till March 12.
China to strengthen fiscal, financial coordination to amplify policy effectiveness: experts
