To tell engaging stories about Beijing and make its voice heard, the Translation and Interpretation Center of Beijing Foreign Affairs Office, in collaboration with China Academy for Public Policy Translation of Beijing International Studies University, has initiated a series titled “Understand Beijing: One Key Phrase a Day”. From this year’s Beijing Government Work Report, thirty seven trending policy buzzwords have been selected. Their elucidation,along with the official translation,is now being published to highlight the significant measures Beijing has undertaken in pursuit of high-quality development and the resultant achievements. Through this series, we aim to foster a deeper understanding of our city among foreign institutions and nationals in Beijing.
Integrated oversight system
This is a system piloted by Beijing to enable more efficient government regulation, as part of the city's efforts to improve its business environment. For the regulation of industries under multi-agency supervision, measures are taken to ensure that for each specific industry there is a lead regulator, which is complemented and supported by other relevant departments. Six basic regulatory mechanisms, which include risk monitoring, credit supervision, tiered and industry-specific supervision, collaborative supervision, technology-based monitoring and joint supervision by regulators and the public, are put in place to strengthen integrated oversight.
