Skip to content
magazine of the Communist Party of China Central Committee. He said more efforts a
re needed to implement the proactive fiscal policy and boost efficiency this year.
Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.
Innovative financial tools will be introduced for debt swaps, and the indebted comp
anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea
d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.
“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this
round of debt swaps will not involve the government’s administrative orders, but depends on the ma
rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.
above living with chronic diseases in China. Of those, 44 million
were fully or partially disabled and in need of regular nursing services, she said.
“With more nurses and nurse’s aides, the demand for nursing services from the elderly will be gradually met,” she said.
The commission will also encourage community health centers to provide more nursin
g services for the elderly in neighborhoods, Jiao said. They would include more beds and setting up day-care centers.
Regulations will also be released to encourage community health centers to pro
vide beds to the elderly at home, so family doctors can provide treatment there, she said.
“The disabled, whether fully or partial, will be the priority in nursing services,” Jiao sa
id. “We will release a detailed standard for evaluating nursing services for the disabled elderly