Xi chairs leadership meeting to study economic work

© Provided by Xinhua

BEIJING, July 30 (Xinhua) – The Political Bureau of the Communist Party of China (CPC) Central Committee met on Friday to study and analyze the current economic situation and plan related work for the second half of 2021.

The meeting was chaired by Xi Jinping, secretary general of the CPC Central Committee.

Since the beginning of this year, China has coordinated the prevention and control of COVID-19 with economic and social development, effectively implemented macroeconomic policies and ensured a lasting recovery and improvement of its economy, the meeting said. .

The country has also actively promoted scientific and technological autonomy, improved reform and openness, effectively guaranteed the livelihoods of the people, achieved new high-quality development results, and maintained overall social stability.

The meeting noted that the global COVID-19 situation continues to evolve and the Chinese economy is facing an increasingly complex and severe external environment.

The domestic economic recovery is still uncertain and unbalanced, according to the meeting.

In order to ensure healthy economic work for the second half of 2021, the meeting stressed the maintenance of the underlying principle of the pursuit of progress while ensuring stability, and the full, precise and comprehensive implementation of the new philosophy of development.

The meeting called for more efforts to deepen supply-side structural reform, accelerate the construction of a new development paradigm, and advance China’s high-quality development.

He also stressed maintaining consistent, stable and sustainable macroeconomic policies, good coordination to align this year’s policies with those of 2022, and keeping the Chinese economy within an appropriate range.

Proactive fiscal policy should produce a larger effect, while prudent monetary policy should maintain reasonably abundant liquidity and support the continued recovery of small and medium-sized enterprises as well as distressed sectors.

The meeting underscored the maintenance of the essentially stable renminbi exchange rate at a reasonable and balanced level. He also called for efforts to ensure the supply and price stability of commodities.

The meeting demanded efforts to harness the potential of the internal market and support faster development of new energy vehicles.

The integration of the rural e-commerce system and the county’s express logistics distribution system, as well as the construction of large projects of the 14th Five-Year Plan, should be accelerated, the meeting noted, promising more advice to businesses to increase their investment. in technological modernization.

Emphasizing the importance of strengthening technological innovation and resilience of the industrial chain, the meeting decided to conduct targeted campaigns to tackle the problems of “bottlenecks” as well as to develop specialized small and medium enterprises. and innovative.

China should stick to high-level openness and unremittingly promote high-quality development of the Belt and Road Initiative, the statement said.

The meeting called for the establishment as soon as possible of an action plan to reach the peak carbon before 2030. It called for an end to the “swirling campaigns” for carbon reduction and to firmly curb the haphazard development of areas with high energy intensity and very polluting. projects.

Efforts should be made to prevent and defuse risks in key areas and improve the regulatory system for companies’ foreign listings, according to the meeting.

The meeting focused on upholding the principle “houses are made to live in, not for speculation”, stabilizing land prices, houses and expectations to promote the stable and healthy development of the real estate market as well. that accelerating the development of rental housing. .

China should align its efforts to consolidate and expand achievements in poverty eradication with efforts to promote rural revitalization, the meeting said.

The three-child policy should be implemented, and supportive policies for childbirth, childcare and education should be further improved.

He called for strong efforts on flood control and disaster relief to protect the safety of life and property of people, and to advance the country’s vaccination program against COVID-19.

The meeting also placed emphasis on good preparation for the Beijing Olympic Winter Games and the Paralympic Winter Games.

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