The Political Bureau of the Central Committee of the Communist Party of China will hold a meeting, chaired by Xi Jinping, to review and analyze the current economic situation and economic work.

BEIJING, September 28, 2024 (Xinhua) — The Political Bureau of the Central Committee of the Communist Party of China held a meeting on September 26 to study and analyze the current economic situation and organize economic work for the future. Xi Jinping, General Secretary of the Central Committee of the Communist Party of China chaired the meeting.

The meeting noted that since the beginning of this year, the Central Committee of the Communist Party of China, with Comrade Xi Jinping at the heart, has united and guided people of different nationalities in the country to overcome problems and obstacles. starra, deal with challenges soberly, and make efforts to strengthen overall control and focus on deepening reform and opening up and expanding domestic demand, And improving the economic structure, as the Chinese economy was recording steady performance and overall progress while maintaining stability, and today’s qualitative productive forces saw steady. development, and effective and strong measures have been taken to ensure the livelihood of the people and positive progress has been made in preventing and eliminating risks in important areas and moving forward with measures firm in high-quality development, while the general social situation remained stable.

The meeting pointed out that the country’s economic foundations and favorable conditions such as the wide market, strong economic flexibility and great potential remain unchanged, adding at the same time, that some new situations and problems have appeared in the current economic performance. He asked him to take a comprehensive, balanced and sober view of the current economic situation, confronting problems directly, establishing confidence, strengthening the sense of responsibility and the need urgent to master economic work, focusing on the main points and taking proactive measures for its effective implementation. to strengthen current policies, to try to introduce new policies, and to make policy measures more targeted and effective, in order to achieve the goals and activities of economic and social development for this year.

The meeting emphasized the need to strengthen changes in fiscal and monetary policies to combat cyclical fluctuations, ensure necessary financial spending, and do a good job on the “three guarantees” (ensuring the existence of basic living of people, ensuring wages, and ensuring operating costs – – Editor) at the level of the population, as well as issuing special Ultra-long-term financial bonds and special purpose bonds of local governments and put them to good use to better play the main role of government investment, reduce the mandatory reserve ratio and implement a strong interest rate cut. He called for efforts to stop the downward movement of the real estate market and restore stability, strictly control the increase in commercial housing construction, improve its stock and upgrade its quality, increase loans for “white list” projects and to support the regeneration of the use of currently idle land. He emphasized the need to address public concerns and change restrictive policies for house purchases, reduce current interest rates on mortgage loans, accelerate the completion of land, taxes and financial policies, and promote the construction of a new model of buildings. development, emphasizing efforts to revive the capital market and aggressively directing medium and long-term funds To enter the market, remove market entry barriers for funds such as social security, insurance and wealth management products, support mergers, acquisitions and restructuring of listed companies. companies, promoting regular public offering fund reform, and exploring the publication of policy measures to protect small and medium-sized investors.

The meeting noted that companies should be supported to overcome difficulties, law enforcement management and corporate governance behavior should be strengthened, and a law on strengthening the private economy should be issued, in order to create a favorable environment for development of the non-public sector. economy. At the same time as promoting consumption and improving people’s livelihood, efforts must be made to increase the income of low and middle income groups and modernize the consumption structure. He asked to develop new forms of business for consumption, supporting and organizing social forces in developing the business of the elderly and childcare, strengthening efforts to support the system of policies to improve the birth of children, strengthen efforts to attract investment and be sustainable, and accelerate the pace. of pushing and implementing reform measures related to the entry of foreign investment into the market in the manufacturing industries as well as developing a first class business environment based on ‘ market, based on the law and compatible with international standards.

The meeting said that people should be guaranteed a minimum living wage, focus on hiring key groups such as recent university graduates, migrant workers, residents who have just been taken out from poverty and families where no one has a job, and to strengthen support for groups that are suffering. problems in employment such as the elderly The relatively elderly, the disabled, and the long-term unemployed, and supporting and supporting low-income people, emphasizing the importance of good work in ensuring basic supplies such as food, water, electricity, gas, and heating, and maintaining the stability of their prices, and in grain production and agricultural production, and taking into account increasing income farmers, and focus on agricultural production in autumn and winter, to ensure the country’s food security.

The meeting called on all regions and departments to implement and implement the decisions and resolutions of the CPC Central Committee by mobilizing general will, and promoting the spirit of enthusiasm, enterprise and innovation. the custom of the whole society in promoting high will. – quality improvement, to drive the continued recovery of the economy. He urged all members of the party and the team to be bold in taking responsibility and innovation, improving skills and achieving achievements by overcoming difficulties and obstacles, noting the need to set clear and specific criteria for selection and employment, the strict implementation of the “three differences”, and the responsibility of those who are responsible and provide support and assistance for those who are really involved in the work. He also confirmed support for the main economic sectors to play the role of the backbone and provide a better place for their supporting leadership role.

Other issues were also addressed at the meeting. /end of news/