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Central Economic Work Conference held in Beijing

Central Economic Work Conference held in Beijing


  The Central Economic Work Conference was held in Beijing from December 11th to 12th. Xi Jinping, General Secretary of the CPC Central Committee, President of the State, and Chairman of the Central Military Commission, attended the meeting and delivered an important speech. Members of the Standing Committee of the Political Bureau of the CPC Central Committee Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi attended the meeting.

  From December 11th to 12th, the Central Economic Work Conference was held in Beijing. Xi Jinping, General Secretary of the CPC Central Committee, President of the State, and Chairman of the Central Military Commission, attended the meeting and delivered an important speech. Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi attended the meeting.Photo by Xinhua News Agency reporter Yao Dawei 

  In his important speech, Xi Jinping comprehensively summarized the economic work in 2023, deeply analyzed the current economic situation, and systematically deployed the economic work in 2024. Li Qiang made a concluding speech and put forward requirements for implementing the spirit of General Secretary Xi Jinping’s important speech and doing a good job in economic work next year.

  The meeting believed that this year is the first year to fully implement the spirit of the 20th National Congress of the Communist Party of China, and is the year for economic recovery and development after three years of COVID-19 prevention and control. The Party Central Committee with Comrade Xi Jinping at its core unites and leads the entire Party and people of all ethnic groups in the country to withstand external pressure, overcome internal difficulties, comprehensively deepen reform and opening up, intensify macro-control, and strive to expand domestic demand, optimize structure, boost confidence, and prevent and resolve problems. Risks, my country’s economy is recovering and improving, and high-quality development is making solid progress. Important progress has been made in the construction of a modern industrial system, new breakthroughs have been achieved in scientific and technological innovation, reform and opening up have been advanced in depth, the foundation for safe development has been consolidated, people’s livelihood has been effectively guaranteed, and solid steps have been taken to comprehensively build a modern socialist country.

  The meeting pointed out that to further promote economic recovery, we need to overcome some difficulties and challenges, mainly insufficient effective demand, overcapacity in some industries, weak social expectations, there are still many risks and hazards, there are blocking points in the domestic cycle, and the complexity of the external environment , severity and uncertainty are rising. It is necessary to enhance the awareness of danger and effectively respond and solve these problems. Taken together, the favorable conditions facing my country’s development are stronger than the unfavorable factors. The basic trend of economic recovery and long-term improvement has not changed. We must enhance confidence and confidence.

  The meeting held that in recent years, under the strong leadership of the Party Central Committee, we have effectively coordinated both domestic and international situations, coordinated epidemic prevention and control and economic and social development, coordinated development and security, and deepened our understanding of the laws of doing economic work in the new era. We must adhere to high-quality development as the last word in the new era, implement the new development concept completely, accurately and comprehensively, and promote the economy to achieve effective qualitative improvement and reasonable quantitative growth. We must persist in deepening the supply-side structural reform and focus on expanding effective demand through coordinated efforts, giving full play to the advantages of ultra-large-scale markets and strong production capabilities, so that the domestic cycle can be established on the basis of the main driving force of domestic demand, and the quality and level of the international cycle can be improved. We must persist in relying on reform and opening up to enhance the endogenous driving force of development, coordinate the promotion of deep reform and high-level opening up, continuously liberate and develop social productive forces, and stimulate and enhance social vitality. We must adhere to the positive interaction between high-quality development and high-level security, promote high-level security with high-quality development, and ensure high-quality development with high-level security. Development and security must be dynamically balanced and complement each other. We must regard the promotion of Chinese-style modernization as the top political priority. Under the unified leadership of the party, we must unite the overwhelming majority of the people, focus on the central task of economic construction and the primary task of high-quality development, and turn the grand blueprint of Chinese-style modernization into a beautiful thing step by step. Reality.

  The meeting emphasized that to do a good job in economic work next year, we must be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 20th National Congress of the Communist Party of China and the Second Plenary Session of the 20th Central Committee, adhere to the general tone of the work of seeking progress while maintaining stability, and be complete and accurate. , fully implement the new development concept, accelerate the construction of a new development pattern, strive to promote high-quality development, comprehensively deepen reform and opening up, promote self-reliance and self-reliance in high-level science and technology, increase macro-control efforts, coordinate the expansion of domestic demand and deepen supply-side structural reforms, and coordinate new Urbanization and comprehensive rural revitalization, coordinating high-quality development and high-level security, effectively enhancing economic vitality, preventing and defusing risks, improving social expectations, consolidating and enhancing the positive economic recovery trend, and continuing to promote the economy to achieve effective improvement in quality and reasonable quantity growth, improve people’s livelihood and well-being, maintain social stability, and comprehensively promote the construction of a strong country and national rejuvenation with Chinese-style modernization.

  The meeting requested that next year we should persist in seeking progress while maintaining stability, promote stability through promotion, establish first and then break, introduce more policies that are conducive to stabilizing expectations, stabilizing growth, and stabilizing employment, and actively transform methods, adjust structures, improve quality, and increase efficiency. Make progress and continuously consolidate the foundation of stability and improvement. It is necessary to strengthen counter-cyclical and inter-cyclical adjustment of macro policies, continue to implement proactive fiscal policies and prudent monetary policies, and strengthen innovation and coordination of policy tools.

    Proactive fiscal policies should be appropriately strengthened and improve quality and efficiency. It is necessary to make good use of fiscal policy space and improve financial efficiency and policy effects. Optimize the structure of fiscal expenditures and strengthen financial support for major national strategic tasks. Reasonably expand the scope of local government special bonds used as capital funds. We will implement structural tax and fee reduction policies and focus on supporting technological innovation and manufacturing development. Strict supervision of transfer payment funds and strict financial discipline. Strengthen financial sustainability and secure the bottom line of “three guarantees” at the grassroots level. Strictly control general expenses. Party and government agencies must get used to living a tight life.

  A prudent monetary policy must be flexible, appropriate, precise and effective. Maintain reasonable and sufficient liquidity, and ensure that the scale of social financing and money supply match the expected goals of economic growth and price levels. Give full play to the dual functions of the total volume and structure of monetary policy tools, revitalize the stock, improve efficiency, and guide financial institutions to increase support for technological innovation, green transformation, inclusive small and micro businesses, and the digital economy. Promote social comprehensive financing costs to stabilize and decline. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.

  It is necessary to enhance the consistency of macro policy orientation. Strengthen the coordination and cooperation of fiscal, monetary, employment, industry, regional, science and technology, environmental protection and other policies, incorporate non-economic policies into the consistency assessment of macro policy orientation, strengthen policy coordination, and ensure that efforts are made in the same direction and synergy is formed. Strengthen economic propaganda and public opinion guidance, and promote China’s bright economic theory.

  The meeting emphasized that next year we must focus on promoting high-quality development, highlight key points, grasp the key points, and do a solid job in economic work.

  First, technological innovation leads the construction of a modern industrial system. It is necessary to promote industrial innovation through scientific and technological innovation, especially disruptive and cutting-edge technologies to spawn new industries, new models, and new kinetic energy, and develop new quality productivity. Improve the new national system, implement high-quality development actions for key manufacturing industrial chains, strengthen quality support and standard guidance, and improve the resilience and safety level of industrial and supply chains. We must vigorously promote new industrialization, develop the digital economy, and accelerate the development of artificial intelligence. Create a number of strategic emerging industries such as biomanufacturing, commercial aerospace, and low-altitude economy, open up new tracks for future industries such as quantum and life sciences, widely apply digital intelligence and green technologies, and accelerate the transformation and upgrading of traditional industries. Strengthen applied basic research and cutting-edge research, and strengthen the dominant position of enterprises in scientific and technological innovation. Encourage the development of entrepreneurial investment and equity investment.

  The second is to focus on expanding domestic demand. It is necessary to stimulate potential consumption, expand profitable investment, and form a virtuous cycle in which consumption and investment promote each other. Promote consumption from post-epidemic recovery to continued expansion, cultivate and expand new consumption, vigorously develop digital consumption, green consumption, and healthy consumption, and actively cultivate new consumption growth points such as smart homes, entertainment and tourism, sports events, and domestic “trendy products”. Stabilize and expand traditional consumption and boost bulk consumption such as new energy vehicles and electronic products. Increase the income of urban and rural residents, expand the size of the middle-income group, and optimize the consumption environment. It is necessary to promote large-scale equipment updates and the replacement of old consumer goods with new ones, driven by improving technology, energy consumption, emission and other standards. Give full play to the amplification effect of government investment, focus on supporting key core technology research, new infrastructure, energy conservation and emission reduction, and cultivate new momentum for development. Improve investment and financing mechanisms, implement new mechanisms for cooperation between government and social capital, and support social capital’s participation in the construction of new infrastructure and other fields.

  The third is to deepen reforms in key areas. It is necessary to plan major measures to further comprehensively deepen reforms and continue to inject strong impetus into promoting high-quality development and accelerating Chinese-style modernization. Continuously improve and implement the “two unshakable” systems and mechanisms to fully stimulate the endogenous motivation and innovative vitality of various business entities. Deeply implement the reform and improvement actions of state-owned enterprises to enhance core functions and improve core competitiveness. Promote the development and growth of private enterprises and implement a number of measures in terms of market access, factor acquisition, fair law enforcement, and rights protection. Promote the development of specialization and innovation in small and medium-sized enterprises. Accelerate the construction of a unified national market and strive to eliminate various forms of local protection and market segmentation. Effectively reduce logistics costs for the whole society. It is necessary to plan a new round of fiscal and taxation system reform and implement financial system reform.

  The fourth is to expand high-level opening up to the outside world. It is necessary to accelerate the cultivation of new momentum for foreign trade, consolidate the basic structure of foreign trade and foreign investment, and expand intermediate goods trade, service trade, digital trade, and cross-border e-commerce exports. Ease market access for telecommunications, medical and other service industries, benchmark international high-standard economic and trade rules, conscientiously resolve issues such as cross-border data flow and equal participation in government procurement, continue to build a market-oriented, legal and international first-class business environment, and create a ” Invest in China” brand. Effectively open up the obstacles for foreigners to come to China for business, study, and tourism. We will ensure the implementation of the eight actions to support high-quality joint construction of the “Belt and Road” and coordinate the advancement of major landmark projects and “small but beautiful” livelihood projects.

  Fifth, we will continue to effectively prevent and resolve risks in key areas. It is necessary to coordinate and resolve risks in real estate, local debt, small and medium-sized financial institutions, etc., severely crack down on illegal financial activities, and resolutely maintain the bottom line of preventing systemic risks. Actively and steadily resolve real estate risks, meet the reasonable financing needs of real estate enterprises of different ownerships equally, and promote the stable and healthy development of the real estate market. Accelerate the “three major projects” such as the construction of affordable housing, the construction of “both leisure and emergency” public infrastructure, and the transformation of urban villages. Improve relevant basic systems and accelerate the construction of a new model for real estate development. To coordinate the resolution of local debt risks and stabilize development, provinces with major economies must truly take the lead and make greater contributions to stabilizing the national economy.

  Sixth, we must persist in doing a good job in the work of “agriculture, rural areas and farmers”. It is necessary to anchor the goal of building an agricultural power, learn from and apply the experience of the “Ten Million Project”, and vigorously and effectively promote comprehensive rural revitalization, with the bottom line of ensuring national food security and ensuring that no large-scale return to poverty occurs, to enhance the level of rural industry development and improve the level of rural construction. Focus on improving the level of rural governance, strengthen the two-wheel drive of science and technology and reform, strengthen measures to increase farmers’ income, concentrate on accomplishing a number of practical things that are accessible to the masses, and build a livable, industrial and beautiful countryside. We will not relax our efforts to stabilize and secure the supply of important agricultural products such as grain, explore and establish an inter-provincial horizontal benefit compensation mechanism for grain production and marketing areas, reform and improve the system of balancing farmland occupation and compensation, and improve investment standards for high-standard farmland construction. Establish a big agricultural concept and a big food concept, and build agriculture into a modern large industry.

  Seventh, promote urban-rural integration and coordinated regional development. It is necessary to organically combine the promotion of new urbanization with the overall revitalization of rural areas, promote the two-way flow of various factors, promote the construction of new urbanization with county towns as an important carrier, and form a new pattern of integrated urban and rural development. Implement urban renewal actions to create livable, resilient and smart cities. Give full play to the comparative advantages of each region, and actively integrate into and serve the new development pattern in accordance with the main functional positioning. Optimize the layout of major productive forces and strengthen the construction of the national strategic hinterland. Vigorously develop the maritime economy and build a maritime power.

  Eighth, we will further promote the construction of ecological civilization and green and low-carbon development. Build a beautiful China pioneer zone and create a green and low-carbon development highland. Actively and steadily promote carbon peak and carbon neutrality, and accelerate the creation of a green and low-carbon supply chain. Continue to fight in depth to defend the blue sky, clear water and pure land. Improve the value realization mechanism of ecological products. Implement the reform of the collective forest rights system. Accelerate the construction of new energy systems, strengthen resource conservation, intensive recycling and efficient utilization, and improve energy resource security capabilities.

  The ninth is to effectively protect and improve people’s livelihood. We must insist on doing our best, within our capabilities, and ensuring that the bottom line of people’s livelihood is secure and accurate. Give greater emphasis to the priority orientation of employment and ensure the stable employment of key groups. We will build a tight social security net and improve a hierarchical and classified social assistance system. Accelerate the improvement of the fertility support policy system, develop the silver economy, and promote high-quality population development.

  The meeting pointed out that we must deeply understand the scientific judgment of the Party Central Committee on the economic situation, effectively enhance the sense of responsibility and mission to do a good job in economic work, seize all favorable opportunities, make use of all favorable conditions, work quickly when we see it, and do as much as we can. Some strive to respond to the uncertainty of changing situations with the certainty of their own work. It is necessary to fully implement the overall requirements for next year’s economic work, pay attention to grasp and handle the relationship between speed and quality, macro data and micro feelings, economic development and improvement of people’s livelihood, development and security, and continuously consolidate and enhance the positive trend of economic recovery. It is necessary to accurately grasp the policy orientation of next year’s economic work, strengthen coordination and linkage in policy implementation, amplify combination effects, prepare ahead of time and leave redundancy in policy reserves, pay attention to effectiveness and enhance the sense of gain in policy effect evaluation, Efforts will be made to improve the effectiveness of macro policies in supporting high-quality development. It is necessary to pay attention to the methods and methods of work advancement, seize the main contradictions, break through bottleneck constraints, focus on forward-looking layout, and ensure the implementation of key economic tasks next year. We must always maintain an enterprising spirit, keep in mind the “bigger of the country”, take the initiative to take on responsibilities, strengthen coordination and cooperation, actively plan and make good use of work that has strong traction and leverage, and solidly promote high-quality development.

  The meeting emphasized the need to uphold and strengthen the party’s overall leadership and thoroughly implement the Party Central Committee’s decisions and arrangements on economic work. Implementation must be carried out to the letter to ensure that the final results are in line with the decision-making intentions of the Party Central Committee. It is necessary to implement it vigorously and resolutely, and coordinate and grasp the timeliness and effectiveness. It requires pragmatic implementation and resolutely combat formalism and bureaucracy. We must dare to do good things and implement them, adhere to the correct employment orientation, and give full play to the enthusiasm, initiative and creativity of leading cadres at all levels. It is necessary to consolidate and expand the results of thematic education and transform them into results in promoting high-quality development.

  The meeting requested that we should ensure the supply and stable price of important livelihood commodities at the end of the year and the beginning of the year, ensure that the wages of migrant workers are paid in full and on time, care about the production and life of people in need, deeply implement the production safety responsibility system, and protect the safety of people’s lives, property, and health.

  The meeting called on the entire party to unite closely around the Party Central Committee with Comrade Xi Jinping as the core, strengthen confidence, forge ahead, strive to achieve various goals and tasks of economic and social development, and use practical actions and results of high-quality development to build a solid foundation for Chinese-style modernization. Comprehensively promote the construction of a strong country and the great cause of national rejuvenation and make new and greater contributions.

  Members of the Political Bureau of the CPC Central Committee, members of the Secretariat of the CPC Central Committee, relevant leading comrades of the Standing Committee of the National People’s Congress, State Councilors, President of the Supreme People’s Court, Chief Prosecutor of the Supreme People’s Procuratorate, relevant leading comrades of the National Committee of the Chinese People’s Political Consultative Conference, and members of the Central Military Commission attended the meeting.

  The main responsible comrades of the party and government of all provinces, autonomous regions, municipalities and cities under separate state planning, and the Xinjiang Production and Construction Corps, the relevant departments of the central and state agencies, relevant people’s organizations, some financial institutions and enterprises managed by the central government, and the main responsible comrades of various departments of the Central Military Commission attended the meeting. Meeting.



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