[Transcript]
Moderator: Good morning, friends from the press. Welcome to the press conference of the Press Office of the Central Government. Today we have invited the Vice-Chairman of the National Development Commission and the Vice-Minister of Finance to brief you on the first year of the 2026–2030 plan and to take your questions.
Overall progress in the opening year
The briefers said the first year of the 2026–2030 plan has got off to a sound start. In the first three quarters gross regional product grew by 5.2 per cent year on year, value added above designated size in industry rose by 6.1 per cent, and central budgetary investment reached 78 per cent of the annual plan. Nine of the thirty-five provincial-level divisions are running ahead of schedule on their main indicators.
Fiscal spending and people’s livelihoods
The Ministry of Finance said transfer payments from the centre to local governments will total HLY 4.2 trillion this year, up 7 per cent on last year, with more than 70 per cent going to education, health care, pensions and housing. Spending will be accelerated further in the fourth quarter, with priority given to energy supply and to the basic living standards of people in difficulty through the winter and spring.
Questions from the press
Asked about industrial upgrading, the briefers said that during the 2026–2030 plan period Hulian will continue to support the transformation of its older industrial divisions, using an industrial cooperation fund, talent exchange programmes and a special fund for technological upgrading to help resource-based divisions develop replacement industries. Nine questions were taken in all.