The Political Bureau of the CPC Central Committee held a meeting on July 24 to analyze and study the current economic situation and deploy economic work in the second half of the year. Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting.
The meeting held that since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, all regions and departments have better coordinated the overall domestic and international situations, better coordinated epidemic prevention and control and economic and social development, and better coordinated development and security.
The meeting pointed out that the current economic operation is facing new difficulties and challenges, mainly due to insufficient domestic demand, difficulties in operating some enterprises, many hidden risks in key areas, and complex and severe external environment. After the smooth transition of epidemic prevention and control, economic recovery will be a wave-like development and a tortuous process. my country’s economy has great development resilience and potential, and the fundamentals of long-term improvement have not changed.
The meeting emphasized that to do a good job in economic work in the second half of the year, we must adhere to the general tone of the work 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 macro-policy regulation, focus on expanding domestic demand, boost confidence, and prevent risks. Continuously promote the continuous improvement of economic operation, the continuous enhancement of endogenous power, the continuous improvement of social expectations, and the continuous resolution of risks and hidden dangers, so as to promote the effective improvement of quality and reasonable growth of the economy.
The meeting pointed out that it is necessary to make good use of policy space, identify the direction of efforts, and firmly promote high-quality economic development. It is necessary to implement macro-control accurately and effectively, and strengthen counter-cyclical adjustment and policy reserves. It is necessary to continue to implement a proactive fiscal policy and a prudent monetary policy, continue, optimize, improve and implement the tax and fee reduction policy, give full play to the role of aggregate and structural monetary policy tools, and vigorously support technological innovation, the real economy and the development of small, medium and micro enterprises. It is necessary to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. It is necessary to activate the capital market and boost investor confidence.
The meeting emphasized that it is necessary to actively expand domestic demand, give full play to the basic role of consumption in driving economic growth, expand consumption by increasing residents’ income, drive effective supply through terminal demand, and organically combine the implementation of the strategy of expanding domestic demand with deepening supply-side structural reforms. It is necessary to boost the consumption of automobiles, electronic products, and home furnishing, and promote the consumption of services such as sports, leisure, and cultural tourism. It is necessary to give better play to the driving role of government investment and accelerate the issuance and use of local government special bonds. It is necessary to formulate policies and measures to promote private investment. It is necessary to take multiple measures to stabilize the basic market of foreign trade and foreign investment. It is necessary to increase international flights to ensure the stability and smooth flow of China-Europe freight trains.
The meeting pointed out that it is necessary to vigorously promote the construction of a modern industrial system, accelerate the cultivation and growth of strategic emerging industries, and create more pillar industries. It is necessary to promote the deep integration of the digital economy with advanced manufacturing and modern service industries, and promote the safe development of artificial intelligence. It is necessary to promote the standardized, healthy and sustainable development of platform companies.
The meeting emphasized that it is necessary to continue to deepen reform and opening up, adhere to the “two unwavering”, effectively improve the core competitiveness of state-owned enterprises, and effectively optimize the development environment for private enterprises. It is necessary to resolutely rectify arbitrary charges, fines, and apportionments, and solve the problem of the government’s arrears of corporate accounts. It is necessary to establish and improve a normalized communication mechanism with enterprises, encourage enterprises to dare to venture, dare to invest, dare to take risks, and actively create markets. It is necessary to support the integration of qualified free trade pilot zones and free trade ports with international high-standard economic and trade rules, and promote reform and opening up. It is necessary to carefully organize the third “Belt and Road” International Cooperation Summit Forum.
The meeting pointed out that it is necessary to effectively prevent and resolve risks in key areas, adapt to the new situation of major changes in the relationship between supply and demand in my country’s real estate market, adjust and optimize real estate policies in a timely manner, and make good use of the policy toolbox according to city policies to better meet residents’ rigid and improved housing needs and promote the stable and healthy development of the real estate market. It is necessary to increase the construction and supply of indemnificatory housing, actively promote the transformation of urban villages and the construction of “common emergency dual-use” public infrastructure, and revitalize and transform various types of idle properties. It is necessary to effectively prevent and resolve local debt risks, and formulate and implement a package of debt reduction plans. It is necessary to strengthen financial supervision and steadily promote the reform of high-risk small and medium-sized financial institutions to eliminate risks.
The meeting emphasized that it is necessary to increase the protection of people’s livelihood, take overall consideration of employment stability to a strategic height, firmly grasp the bottom line of “three guarantees” at the grassroots level, and expand the middle-income group. It is necessary to strengthen the protection and quality improvement of cultivated land, consolidate and expand the achievements of poverty alleviation, and comprehensively promote rural revitalization. It is necessary to resolutely prevent the occurrence of major safety accidents and ensure the supply of energy and electricity for peak summer.
The meeting pointed out that it is necessary to take the opportunity of studying and implementing the theme education of Xi Jinping’s socialist ideology with Chinese characteristics in the new era, educate and guide the majority of party members and cadres to firmly establish a correct view of political performance, better stimulate the enthusiasm of officers and entrepreneurs, and let outstanding cadres who are brave enough to take responsibility and good at overcoming difficulties stand out and make more contributions.
The meeting also studied other matters.
core points
Politburo meeting of the CPC Central Committee: Energize the capital market to boost investor confidence
The Political Bureau of the Central Committee of the Communist Party of China: timely adjustment and optimization of real estate policies
The Political Bureau of the Central Committee of the Communist Party of China: Accelerate the cultivation and growth of strategic emerging industries to create more pillar industries
The Political Bureau of the Central Committee of the Communist Party of China: It is necessary to increase the protection of people’s livelihood and stabilize employment to a strategic height.
Political Bureau of the Central Committee: Doing a good job in economic work in the second half of the year must focus on expanding domestic demand, boosting confidence, and preventing risks
The Political Bureau of the Central Committee of the Communist Party of China: Effectively improve the core competitiveness of state-owned enterprises and effectively optimize the development environment of private enterprises
The Political Bureau of the Central Committee: To boost the consumption of automobiles, electronic products, and home furnishing
Analysis and Interpretation
“Active capital market boosts investor confidence”!Interpretation of the main points of the Politburo meeting
A picture to understand the main points and wording changes of the Politburo meeting
The Political Bureau of the Central Committee released seven major signals!China’s assets have risen in a straight line and the active capital market has profound meaning
(Source of article: Xinhua News Agency)
Article source: Xinhua News Agency
Original title: 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
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2023-07-25 10:37:53
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