The Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting demand | expanding domestic demand | economy
The Political Bureau of the Central Committee of the Communist Party of China held a meeting on July 24th to analyze and study the current economic situation and deploy economic work for the second half of the year.
The meeting held that since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all regions and departments have better coordinated the domestic and international situations, better coordinated epidemic prevention and control and economic and social development, and better coordinated development and security. The national economy has continued to recover, the overall recovery has improved, high-quality development has been steadily promoted, industrial upgrading has accumulated, food and energy security has been effectively guaranteed, and the overall social stability has remained stable, A good foundation has been laid for the realization of the annual economic and social development goals.
The meeting pointed out that the current economic operation is facing new difficulties and challenges, mainly due to insufficient domestic demand, operational difficulties for some enterprises, multiple risks and hidden dangers in key areas, and a complex and severe external environment. After a smooth transition in epidemic prevention and control, economic recovery is a wave like development and a tortuous progress. China's economy has enormous development resilience and potential, and the long-term positive fundamentals have not changed.
The meeting emphasized that in order to do a good job in the economic work of the second half of the year, we must adhere to the overall tone of seeking progress while maintaining stability, fully, accurately, and comprehensively implement the new development concept, accelerate the construction of a new development pattern, comprehensively deepen reform and opening up, increase macroeconomic policy regulation, focus on expanding domestic demand, boosting confidence, and preventing risks, continuously promote the continuous improvement of economic operation, the continuous enhancement of endogenous driving force, the continuous improvement of social expectations, and the continuous resolution of risks and hidden dangers, and promote the effective improvement of quality and the reasonable growth of quantity in the economy.
The meeting pointed out that we should make good use of policy space, find the right direction for development, and solidly promote high-quality economic development. We need to implement precise and effective macroeconomic regulation, strengthen countercyclical regulation and policy reserves. We must continue to implement proactive fiscal policies and prudent monetary policies, continue, optimize, improve, and implement tax and fee reduction policies, leverage the role of aggregate and structural monetary policy tools, and strongly support technological innovation, the development of the real economy, and small and micro enterprises. To maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. To activate the capital market and boost investor confidence.
The meeting emphasized the need to actively expand domestic demand, leverage the fundamental role of consumption in driving economic growth, expand consumption by increasing household income, drive effective supply through terminal demand, and organically combine the implementation of the strategy of expanding domestic demand with deepening supply side structural reform. To boost bulk consumption of automobiles, electronic products, home furnishings, and promote consumption of sports, leisure, cultural tourism, and other services. To better leverage the driving role of government investment and accelerate the issuance and use of local government special bonds. We need to formulate and introduce policies and measures to promote private investment. We need to take multiple measures to stabilize the basic situation of foreign trade and investment. We need to increase international flights to ensure stable and smooth operation of China Europe freight trains.
The meeting pointed out the need to vigorously promote the construction of a modern industrial system, accelerate the cultivation of strategic emerging industries, and create more pillar industries. We need to promote the deep integration of the digital economy with advanced manufacturing and modern service industries, and promote the secure development of artificial intelligence. To promote the standardized, healthy, and sustainable development of platform enterprises.
The meeting emphasized the need to continuously deepen reform and opening up, adhere to the "two unwavering principles", effectively improve the core competitiveness of state-owned enterprises, and optimize the development environment for private enterprises. We must resolutely crack down on arbitrary fees, fines, and assessments, and solve the problem of government arrears of corporate accounts. We need to establish and improve a regular communication and exchange mechanism with enterprises, encourage them to dare to venture, invest, and take risks, and actively create markets. We need to support conditional free trade pilot zones and free trade ports to connect with international high standard economic and trade rules, and promote reform and opening up as a pilot. The Third the Belt and Road Forum for International Cooperation should be well organized.
The meeting pointed out the need to effectively prevent and resolve risks in key areas, adapt to the new situation of significant changes in the supply and demand relationship of China's real estate market, adjust and optimize real estate policies in a timely manner, use policy toolboxes according to urban conditions, better meet the rigid and improved housing needs of residents, and promote the stable and healthy development of the real estate market. We need to increase the construction and supply of affordable housing, actively promote the renovation of urban villages and the construction of public infrastructure for both emergency and basic needs, and revitalize the renovation of various types of idle properties. To effectively prevent and resolve local debt risks, a comprehensive debt restructuring plan should be formulated and implemented. We need to strengthen financial supervision and steadily promote the reform and insurance of high-risk small and medium-sized financial institutions.
The meeting emphasized the need to increase efforts to ensure people's livelihoods, elevate stable employment to a strategic level, comprehensively consider, firmly implement the bottom line of grassroots "three guarantees", and expand the middle-income group. We need to strengthen the protection and quality improvement of arable land, consolidate and expand the achievements of poverty alleviation, and comprehensively promote rural revitalization. We must resolutely prevent major safety accidents and ensure the supply of energy and electricity during peak summer periods.
The meeting pointed out that it is necessary to take the opportunity of studying and implementing Xi Jinping's new era of socialism with Chinese characteristics as an opportunity to educate and guide the majority of party members and cadres to firmly establish a correct concept of political performance, better stimulate the enthusiasm of officials and entrepreneurs, and let outstanding cadres who are brave in taking responsibility and good at overcoming difficulties. Cadres stand out, make more contributions, and use the new atmosphere as a new way to promote high-quality development and achieve new results.
The meeting also discussed other matters.
