BEIJING - China’s State Council unveiled a restructuring plan on Tuesday to cut the number of civil servants at the central government level by 5 per cent in as many years.
Mr Xiao did not give a figure for the current number of civil servants at the central government level, but said the retrenchment would be carried out over a five-year grace period.Under the plan, the Ministry of Science and Technology will be restructured and part of its responsibilities that have to do with planning, development and formulating policies for the agricultural industry and rural areas will be incorporated into the Ministry of Agriculture and Rural Affairs.
A newly created State Financial Supervision and Regulatory Administration will, meanwhile, take over part of the central bank and securities regulators’ remit that has to do with protecting consumers and investors.President Xi has called for China to foresee financial risks and challenges, and make contingency plans for unforeseen “black swan” and predictable “grey rhino” events.
To grapple with an ageing society, the National Health Commission will turn over its duties relating to elderly people to the Ministry of Civil Affairs.
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