Shou Xiaoli:

Thank you, Mr. Wang Daoshu. Next, the floor goes to Mr. Wang Lujin.

Wang Lujin:

Good morning, everyone! First of all, I would like to thank friends from the media for your care and support for our auditing work.

Since the 18th CPC National Congress, the CPC Central Committee with Comrade Xi Jinping at its core has attached great importance to auditing. With a focus on the overall development of the Party and our country, reforms have been taken in the auditing management system, the audit system has been improved, and the significant role of auditing work in the Party and the country's supervision system has been given full play. Now, I would like to give a brief introduction to the achievements we have made in the following three aspects:

First, the CPC Central Committee's overall leadership over the auditing work has been strengthened, pushing us to achieve the constant and new progress in building an audit-based oversight system that is centralized, unified, authoritative, efficient and with complete coverage. At the 19th CPC National Congress and the 19th CPC Central Committee's third plenary session, decisions were made to reform the auditing management system, and the central auditing committee was established. These efforts have effectively strengthened the top-level design, overall planning, and coordination, progressing on all fronts, overseeing the execution of major work in the auditing field, and giving better play to the work of the audit-based oversight.

Second, bearing in mind the country's most fundamental interests and focused on the central work of the Party and the country, we have made constant and new progress in reinforcing the audit-based oversight. The auditing organs at all levels have firmly implemented the decisions and deployments of the CPC Central Committee and the State Council, followed the principle that "the audit-based oversight is first and foremost economic supervision," and fully performed their duties of the audit-based oversight in accordance with the law. Over the past 10 years, more than 1.09 million units across the country were audited, resulting in an increase in revenue and decrease in expenditure, and over 4.3 trillion yuan of losses recovered.

Third, the audit team has been managed strictly to promote the self-building of the audit and make sustainable and new progress. The auditing organs at all levels have adhered to the political guidance and requirements throughout the whole process of auditing, followed the principle of carrying out the auditing work in accordance with law and being objective and fair, strived to shape the professional spirit of daring to take on responsibilities and build the professional ability with solid and excellent expertise, and been able to ensure to seek for the truth, tell the truth and report the actual situation.

Carrying out supervision of the financial auditing work is a fundamental responsibility given by the Constitution of the People's Republic of China and the Audit Law of the People's Republic of China to audit authorities. Over the years, we have prioritized the financial auditing work and continued to intensify our efforts in the audit of the implementation of fiscal policies and the management and use of fiscal funds. We have promoted the in-depth reform of fiscal and taxation systems, strengthened the overall planning of fiscal resources, and improved the effectiveness of the use of fiscal funds. With these endeavors, we will bolster financial support for major strategic tasks of the country.

At present, due to the impact brought by the COVID-19 and many other factors, our country is pursuing its economic development in an environment of increasing complexity, severity, and uncertainty. Thus our economy is facing new challenges. The auditing organs across the country will firmly implement the decisions and arrangements of the Party Central Committee and the State Council and adhere to the principle of making stability our top priority and pursuing progress while ensuring stability. We will solidly perform our duties of audit-based supervision, promote the efficiency of proactive fiscal policies, and do a good job in ensuring the "six stabilities" and the "six guarantees" to achieve stable macroeconomic performance and keep major economic indicators within the appropriate range. These efforts will enable us to pave the way for a successful 20th National Party Congress.

That's all I want to say. Thank you.

Shou Xiaoli:

Thank you for your introduction, Mr. Wang. Now the floor is open for questions. Please identify the media outlet you represent before raising questions.

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