China to inspect over reform progress

BEIJING - China's cabinet decided Wednesday to start a new round of nationwide inspection over reform progress to ensure tasks for this year's economic and social work be achieved on schedule.

The inspection will cover five major fields: supply-side structural reform, economic expansion demands, development of new growth engines, improvement of people's livelihood and prevention of financial risks, according to a statement released by the State Council.

This is the fourth such nationwide inspection since they were initiated by the State Council in 2014.

The central government will check the pace of cutting overcapacity, property market destocking, tax reduction for enterprises while reviewing the development of service consumption and major engineering projects.

Meanwhile, the State Council will inspect the promotion of mass entrepreneurship and innovation, poverty alleviation progress and efforts in containing risks in fields such as bad loans and Internet finance.

Government departments and local governments are first required to conduct self-inspection from late May to early July and report their conditions to the State Council.

The State Council will inspect regions reporting sluggish economic performance and slow pace in major reform tasks in mid July.