The Central Economic Work Conference Held in Beijing Xi Jinping delivered an important speech

The Central Economic Work Conference was held in Beijing
Xi Jinping delivered an important speech and Li Qiang made a concluding speech
Zhao Leji, Wang Huning, Cai Qiding, Xue Xiang and Li Xi attended the meeting

Beijing, 12 Dec (Xinhua) -- The Central Economic Work Conference was held in Beijing from 11 to 12 December. Xi Jinping, general secretary of the CPC Central Committee, state president, 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, members of the Standing Committee of the Political Bureau of the CPC Central Committee, attended the meeting.

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's important speech and doing a good job in next year's economic work.

12月11日至12日，The Central Economic Work Conference was held in Beijing。中共中央总书记、国家主席、中央军委主席习近平出席会议并发表重要讲话。新华社记者 姚大伟 摄

The meeting believed that this year is the first year for the full implementation of the spirit of the 20th National Congress of the Communist Party of China, and a year for economic recovery and development after the three-year transition of new crown epidemic prevention and control. The Party Central Committee with Comrade Xi Jinping as the core has united and led the whole party and the people of all ethnic groups throughout the country to withstand external pressure, overcome internal difficulties, comprehensively deepen reform and opening up, increase macroeconomic regulation and control, focus on expanding domestic demand, optimizing structure, boosting confidence, preventing and resolving risks, China's economy has rebounded for the better, and high-quality development has been solidly promoted. Important progress has been made in the construction of a modern industrial system, new breakthroughs have been made in scientific and technological innovation, reform and opening up have been promoted in depth, the foundation for safe development has been consolidated and consolidated, people's livelihood has been effectively guaranteed, and solid steps have been taken to build a modern socialist country in an all-round way.

The meeting pointed out that to further promote the economic rebound, we need to overcome some difficulties and challenges, mainly due to the lack of effective demand, overcapacity in some industries, weak social expectations, and many hidden risks. It is necessary to enhance the sense of distress and effectively deal with and resolve these problems. On the whole, the favorable conditions facing China's development are stronger than the unfavorable factors, and the basic trend of economic rebound and long-term improvement has not changed.

The meeting held that in recent years, under the strong leadership of the CPC Central Committee, we have effectively coordinated the overall domestic and international situations, coordinated epidemic prevention and control, economic and social development, and coordinated development and security, and deepened the understanding of the regularity of doing a good job in economic work in the new era. We must take 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 focusing on expanding effective demand, give full play to the advantages of the super-large-scale market and strong production capacity, so that the domestic cycle is based on the main force of domestic demand, and improve the quality and level of international circulation. We must persist in relying on reform and opening up to enhance the endogenous driving force for development, promote in-depth reform and high-level opening up in a coordinated manner, and constantly liberate and develop social productive forces and stimulate and enhance social vitality. We must adhere to the benign interaction between high-quality development and high-level security, promote high-level security with high-quality development, ensure high-quality development with high-level security, and dynamically balance and complement each other with high-level security. We must take the promotion of Chinese-style modernization as the most important politics, unite the broadest masses of the people under the unified leadership of the Party, 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 reality step by step.

The meeting stressed that to do a good job in next year's economic work, we must take Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era as the guide, comprehensively implement the spirit of the 20th CPC National Congress and the Second Plenary Session of the 20th CPC Central Committee, adhere to the general tone of seeking progress while maintaining stability, and be complete, accurate, and Fully implement the new development concept, accelerate the construction of a new development pattern, focus on promoting high-quality development, comprehensively deepen reform and opening up, promote high-level scientific and technological self-reliance and self-reliance, increase macroeconomic regulation and control, coordinate the expansion of domestic demand and deepen supply-side structural reform, coordinate the comprehensive revitalization of new urbanization and rural areas, coordinate high-quality development and high-level security, and effectively enhance economic vitality, prevent and resolve risks, We will improve social expectations, consolidate and strengthen the positive trend of economic recovery, continue to promote the effective improvement of the quality and reasonable growth of the economy, improve people's livelihood and well-being, maintain social stability, and comprehensively promote the construction of a strong country and the great cause of national rejuvenation with Chinese-style modernization.

The meeting demanded that next year, we should persist in seeking progress while maintaining stability, promoting stability through progress, establishing first and then breaking down, and come up with more policies that are conducive to stabilizing expectations, growth, and employment, and actively forging ahead in changing the mode, adjusting the structure, improving quality, and increasing efficiency, so as to continuously consolidate the foundation for stability and improvement. It is necessary to strengthen the counter-cyclical and cross-cyclical adjustment of macroeconomic policies, continue to implement a proactive fiscal policy and a prudent monetary policy, and strengthen the innovation and coordination of policy tools.

The proactive fiscal policy should be moderately strengthened to improve quality and efficiency. It is necessary to make good use of the fiscal policy space and improve the efficiency of funds and the effectiveness of policies. Optimize the structure of fiscal expenditures and strengthen the financial guarantee for major national strategic tasks. Reasonably expand the scope of local government special bonds to be used as capital. Implement structural tax and fee reduction policies, and focus on supporting scientific and technological innovation and the development of manufacturing industry. Strict supervision of transfer payment funds, strict financial discipline. Enhance fiscal sustainability and strengthen the bottom line of the "three guarantees" at the grassroots level. Strict control of general expenditures. Party and government organs should Xi living a tight life.

A prudent monetary policy should be flexible, moderate, precise and effective. Liquidity should be kept reasonably abundant, and the scale of social financing and money supply should be commensurate with the expected targets of economic growth and price levels. We should give full play to the dual functions of monetary policy tools, revitalize the stock, improve efficiency, and guide financial institutions to increase support for scientific and technological innovation, green transformation, inclusive small and micro enterprises, and digital economy. Promote the steady and moderate decline of comprehensive social financing costs. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.

It is necessary to enhance the consistency of macroeconomic policy orientation. Strengthen the coordination and cooperation of fiscal, monetary, employment, industrial, regional, science and technology, environmental protection and other policies, incorporate non-economic policies into the assessment of the consistency of macro policy orientation, strengthen policy coordination, and ensure that the same direction is exerted and a joint force is formed. Strengthen economic propaganda and public opinion guidance, and sing the bright theory of China's economy.

12月11日至12日，The Central Economic Work Conference was held in Beijing。中共中央总书记、国家主席、中央军委主席习近平出席会议并发表重要讲话。李强、赵乐际、王沪宁、蔡奇、丁薛祥、李希出席会议。新华社记者 姚大伟 摄

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

The first is to lead the construction of a modern industrial system with scientific and technological innovation. It is necessary to promote industrial innovation with scientific and technological innovation, especially to use disruptive technologies and cutting-edge technologies to give birth to new industries, new models, and new kinetic energy, and develop new quality productive forces. We will improve the new national system, implement high-quality development actions for key industrial chains in the manufacturing industry, strengthen quality support and standard guidance, and improve the resilience and safety of industrial and supply chains. It is necessary to vigorously promote new industrialization, develop the digital economy, and accelerate the development of artificial intelligence. We will build 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 technology and green technology, and accelerate the transformation and upgrading of traditional industries. Strengthen applied basic research and cutting-edge research, and strengthen the main position of enterprises in scientific and technological innovation. Encourage the development of venture capital and equity investment.

Second, efforts should be made to expand domestic demand. It is necessary to stimulate consumption with potential, expand productive investment, and form a virtuous circle in which consumption and investment promote each other. Promote consumption from post-epidemic recovery to continuous 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, cultural and entertainment 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 middle-income groups, and optimize the consumption environment. It is necessary to improve technology, energy consumption, emissions and other standards as the traction, and promote large-scale equipment renewal and consumer goods trade-in. Give full play to the amplification effect of government investment, focus on supporting key core technology research, new infrastructure, energy conservation, emission reduction and carbon reduction, and cultivate new momentum for development. Improve investment and financing mechanisms, implement new mechanisms for public-private partnerships, and support private 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 deepen reform in an all-round way, and continue to inject strong impetus into promoting high-quality development and accelerating Chinese-style modernization. Continuously improve and implement the "two unswerving" system and mechanism, and fully stimulate the endogenous power and innovation vitality of various business entities. We will further implement the deepening and upgrading of the reform of state-owned enterprises, enhance core functions and improve core competitiveness. Promote the development and growth of private enterprises, and implement a number of measures in market access, access to factors, fair law enforcement, and protection of rights and interests. Promote the development of small and medium-sized enterprises. We should speed up the construction of a unified national market and strive to eliminate various forms of local protection and market segmentation. Effectively reduce the logistics cost of the whole society. It is necessary to plan a new round of reform of the fiscal and taxation system and implement the reform of the financial system.

Fourth, we will expand high-level opening up. It is necessary to accelerate the cultivation of new momentum for foreign trade, consolidate the basic market of foreign trade and foreign investment, and expand the export of intermediate goods, service trade, digital trade, and cross-border e-commerce. We will relax market access for service industries such as telecommunications and medical care, benchmark against international high-standard economic and trade rules, earnestly solve issues such as cross-border data flow and equal participation in government procurement, continue to build a market-oriented, law-based and international first-class business environment, and build the "Invest in China" brand. Effectively break through the blockages for foreign personnel to come to China for business, study, Xi, and tourism. We will do a good job in supporting the implementation of the eight high-quality Belt and Road Initiatives, and coordinate the promotion 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 such as real estate, local debts, and small and medium-sized financial institutions, severely crack down on illegal financial activities, and resolutely adhere to the bottom line of preventing systemic risks. Actively and prudently resolve real estate risks, meet the reasonable financing needs of real estate enterprises with different ownership systems without discrimination, and promote the steady and healthy development of the real estate market. Accelerate the construction of affordable housing, the construction of public infrastructure for both ordinary and emergency purposes, and the transformation of urban villages. Improve relevant basic systems and accelerate the construction of a new model of real estate development. To coordinate the resolution of local debt risks and stable development, major economic provinces should truly take the lead and make greater contributions to stabilizing the national economy.

Sixth, make unremitting efforts to do a good job in the "three rural" work. It is necessary to anchor the goal of building an agricultural power, learn Xi and use the experience of the "Ten Million Project" to effectively and effectively promote the comprehensive revitalization of the countryside, so as to ensure national food security and ensure that there is no large-scale return to poverty as the bottom line, focusing on improving the level of rural industry development, improving the level of rural construction and improving the level of rural governance, strengthen the two-wheel drive of science and technology and reform, strengthen measures to increase farmers' income, and concentrate on doing a good job of doing a number of practical things that can be felt by the masses, and build livable, workable and beautiful villages. We will not relax our efforts to ensure the stable and safe supply of grain and other important agricultural products, explore the establishment of an inter-provincial horizontal interest compensation mechanism for grain production and marketing areas, reform and improve the system of balancing the occupation and compensation of cultivated land, and raise the standard of investment in high-standard farmland construction. Establish the concept of big agriculture and big food, and build agriculture into a modern big industry.

Seventh, promote urban-rural integration and coordinated regional development. It is necessary to organically combine the promotion of new urbanization with the comprehensive revitalization of rural areas, promote the two-way flow of various elements, promote the construction of new urbanization with county towns as important carriers, and form a new pattern of urban-rural integrated development. Implement urban renewal actions to build livable, resilient, and smart cities. Give full play to the comparative advantages of each region, and actively integrate into and serve the construction of a new development pattern in accordance with the main function positioning. Optimize the distribution of major productive forces and strengthen the construction of national strategic hinterland. Vigorously develop the marine 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 Pilot Zone and create a highland for green and low-carbon development. Actively and prudently promote carbon peak and carbon neutrality, and accelerate the construction of a green and low-carbon supply chain. Continue to fight the battle of blue sky, clear water and pure land. Improve the value realization mechanism of ecological products. Implement the reform of the collective forest tenure system. Accelerate the construction of a new energy system, strengthen resource conservation, intensive recycling, and efficient utilization, and improve the ability to ensure the security of energy resources.

Ninth, we should earnestly protect and improve people's livelihood. We must insist on doing our best, doing what we can, and holding on, accurately, and firmly adhering to the bottom line of people's livelihood. Give more prominence to the priority orientation of employment and ensure the stability of employment for key groups. Weave a solid social security net and improve the social assistance system by level and category. Accelerate the improvement of the birth support policy system, develop the silver economy, and promote the high-quality development of the population.

12月11日至12日，The Central Economic Work Conference was held in Beijing。中共中央政治局常委李强出席会议并讲话。新华社记者 刘彬 摄

The meeting pointed out that it is necessary to profoundly understand the scientific judgment of the party Central Committee on the economic situation, earnestly enhance the sense of responsibility and mission for doing a good job in economic work, seize all favorable opportunities, take advantage of all favorable conditions, get a good grasp of doing things when they see them, do more things if they can, and strive to cope with the uncertainty of changes in the situation with the certainty of their own work. It is necessary to comprehensively implement the overall requirements of next year's economic work, pay attention to grasping and handling well the relationship between speed and quality, macro data and micro feelings, economic development and improvement of people's livelihood, and development and security, and constantly consolidate and enhance the positive trend of economic rebound. It is necessary to accurately grasp the policy orientation of next year's economic work, strengthen coordination and linkage in policy implementation, amplify the combination effect, lay a good amount of advance and leave redundancy in policy reserves, pay attention to effectiveness and enhance the sense of gain in the evaluation of policy effects, and strive to improve the effect of macro policies to support high-quality development. It is necessary to pay attention to the ways and means of advancing the work, grasp the main contradictions, break through the bottlenecks and constraints, pay attention to the forward-looking layout, and ensure the implementation of the key tasks of next year's economic work. It is necessary to always maintain a spirit of hard work, bear in mind the "great man of the country", take the initiative to take action, strengthen coordination and cooperation, actively plan to make good use of the traction and leverage, and solidly promote high-quality development.

The meeting stressed 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. It is necessary to grasp the implementation to the letter and ensure that the final effect is in line with the decision-making intention of the Party Central Committee. It is necessary to vigorously and resolutely grasp the implementation, and make overall plans to grasp the timeliness. It is necessary to grasp implementation in a real and pragmatic manner, and resolutely rectify formalism and bureaucracy. It is necessary to dare to do good deeds and grasp implementation, adhere to the correct orientation in employing people, and give full play to the enthusiasm, initiative, and creativity of leading cadres at all levels. It is necessary to consolidate and expand the achievements of thematic education and transform them into results in promoting high-quality development.

The meeting demanded that we should do a good job in ensuring the supply and stable prices 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 on time and in full, care about the production and life of the people in difficulty, thoroughly implement the responsibility system for safe production, and protect the safety and health of people's lives and property.

The meeting called on the whole party to closely rally around the party Central Committee with Comrade Xi Jinping as the core, strengthen confidence, forge ahead in a pioneering spirit, strive to achieve various goals and tasks of economic and social development, and make new and greater contributions to comprehensively promoting the construction of a strong country and the great cause of national rejuvenation with Chinese-style modernization with practical actions and results of high-quality development.

Present at the meeting were members of the Political Bureau of the CPC Central Committee and 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 procurator 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.

Present at the meeting were the principal responsible comrades of the party and government of all provinces, autonomous regions, municipalities directly under the Central Government, cities specifically designated in the state plan, and the Xinjiang Production and Construction Corps, as well as the principal responsible comrades of relevant departments of the central and state organs, relevant mass organizations, some financial institutions and enterprises under the management of the central government, and various departments of the Central Military Commission.