Xinhua News Agency, Beijing, July 30. The Political Bureau of the CPC Central Committee held a meeting on July 30 and decided to convene the fourth plenary session of the 20th Central Committee of the Communist Party of China in Beijing in October this year. The main agenda is that the Political Bureau of the CPC Central Committee will report its work to the Central Committee and study suggestions for formulating the 15th Five-Year Plan for national economic and social development. The meeting analyzed and studied the current economic situation and planned economic work in the second half of the year. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting.
The meeting pointed out that the "15th Five-Year Plan" period is a critical period for basically realizing socialist modernization, laying a solid foundation, and making full efforts. my country's development environment is facing profound and complex changes. Strategic opportunities and risks and challenges coexist, and uncertain and unpredictable factors are increasing. At the same time, my country's economic foundation is stable, has many advantages, is strong in resilience, and has great potential. The supporting conditions and basic trends for long-term improvement have not changed. The advantages of the socialist system with Chinese characteristics, the advantages of ultra-large-scale markets, the advantages of a complete industrial system, and the advantages of abundant human resources are more clearly demonstrated. We must maintain strategic focus, enhance confidence in victory, actively recognize and respond to changes, concentrate on doing our own things well, win strategic initiative in fierce international competition, and promote major breakthroughs in strategic tasks related to the overall situation of Chinese-style modernization.
The meeting emphasized that economic and social development during the "15th Five-Year Plan" period must adhere to Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the important thought of "Three Represents" and the Scientific Outlook on Development, fully implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, focus on building a modern and powerful socialist country in an all-round way, achieve the second centenary goal, and comprehensively promote the great rejuvenation of the Chinese nation with Chinese-style modernization. The concept of development, adhering to the general tone of seeking progress while maintaining stability, coordinating and advancing the "five-in-one" overall layout, coordinating the advancement of the "four comprehensives" strategic layout, accelerating the construction of a new development pattern, coordinating both domestic and international situations, coordinating development and security, promoting the effective improvement of the economy and reasonable growth of quantity, promoting the all-round development of people and the common prosperity of all people, and ensuring decisive progress in the basic realization of socialist modernization.
The meeting held that since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all regions and departments have actively acted to overcome difficulties and stepped up the implementation of more positive and promising macro policies. my country's economic operation has made steady progress, and high-quality development has achieved new results. Major economic indicators performed well, new productive forces developed actively, reform and opening up continued to deepen, risks in key areas were effectively prevented and resolved, people's livelihood protection was further strengthened, and my country's economy showed strong vitality and resilience.
The meeting pointed out that my country's current economic operation is still facing many risks and challenges. It is necessary to correctly grasp the situation, enhance the sense of urgency, adhere to bottom-line thinking, make good use of development opportunities, potential and advantages, and consolidate and expand the positive momentum of economic recovery.
The meeting emphasized that to do a good job in economic work in the second half of the year, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, adhere to the general tone of the work of seeking progress while maintaining stability, completely, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, maintain policy continuity and stability, enhance flexibility and predictability, focus on stabilizing employment, stabilizing enterprises, stabilizing the market, and stabilizing expectations, vigorously promote domestic and international dual cycles, strive to complete the economic and social development goals and tasks throughout the year, and achieve a successful conclusion of the "14th Five-Year Plan".
The meeting pointed out that macro policies must continue to exert force and increase their efforts in a timely manner. It is necessary to implement more proactive fiscal policies and moderately loose monetary policies to fully unleash the policy effects. Speed up the issuance and use of government bonds and improve the efficiency of fund use. Keep the bottom line of "three guarantees" at the grassroots level. Monetary policy should maintain sufficient liquidity and promote a decline in comprehensive social financing costs. Make good use of various structural monetary policy tools to increase support for technological innovation, boost consumption, small and micro enterprises, and stabilize foreign trade. Support the major economic provinces in playing a leading role. Strengthen the consistency of macro policy orientations.
The meeting emphasized the need to effectively unleash the potential of domestic demand. We will deepen the implementation of special actions to boost consumption, and while expanding the consumption of goods, we will also cultivate new growth points in service consumption. Expand consumer demand while ensuring and improving people's livelihood. Promote "double" construction with high quality, stimulate the vitality of private investment, and expand effective investment.
The meeting pointed out that we must unswervingly deepen reforms. We must persist in leading the development of new productive forces with technological innovation, accelerate the cultivation of emerging pillar industries with international competitiveness, and promote the in-depth integrated development of technological innovation and industrial innovation. We will deepen the construction of a unified national market and promote the continuous optimization of the market competition order. Regulate disorderly competition among enterprises in accordance with laws and regulations. Promote production capacity management in key industries. Standardize local investment promotion activities. Adhere to the "two unwavering principles" and stimulate the vitality of various business entities.
The meeting emphasized the need to expand high-level opening up to the outside world and stabilize the fundamentals of foreign trade and investment. Help foreign trade companies that have been greatly affected, strengthen financing support, and promote the integrated development of domestic and foreign trade. Optimize export tax rebate policies and build high-level open platforms such as pilot free trade zones.
The meeting pointed out that it is necessary to continue to prevent and resolve risks in key areas. We will implement the spirit of the Central Urban Work Conference and carry out high-quality urban renewal. Actively and steadily resolve local government debt risks, strictly prohibit new hidden debts, and effectively promote the clearing of local financing platforms in an orderly and effective manner. Enhance the attractiveness and inclusiveness of the domestic capital market and consolidate the momentum of stabilization and improvement in the capital market.
The meeting emphasized the need to do a solid job in ensuring people's livelihood. Highlight the employment priority policy orientation and promote the employment of key groups such as college graduates, veterans, and migrant workers. We will implement policies to benefit the people and improve the hierarchical and classified social assistance system. We will lay a solid foundation for "agriculture, rural areas and farmers" and maintain prices of grain and important agricultural products at reasonable levels. Consolidate and expand the results of poverty alleviation to ensure that no large-scale return to poverty occurs. We always put the safety of people's lives first, strengthen production safety and food safety supervision, make every effort to carry out flood prevention, emergency rescue and disaster relief, and ensure energy and power supply during the peak summer season. Do a good job in the preparation of the "15th Five-Year Plan".
The meeting pointed out that it is necessary to fully mobilize the enthusiasm of all parties. Leading cadres must establish and practice a correct view of political performance and do a good job in economic work in accordance with the new development concept. Entrepreneurs must be brave enough to stay ahead of the curve and take the initiative in market competition with high-quality products and services. All regions and departments must fully implement the decisions and arrangements of the Party Central Committee, make good use of the spiritual learning and education results that thoroughly implement the eight central regulations, and provide strong momentum for high-quality development.
Other matters were also considered at the meeting.
CPC leadership holds symposium to seek advice on economic work
BEIJING, July 30 (Xinhua) — The Communist Party of China (CPC) Central Committee has held a symposium with non-CPC personages to seek opinions and suggestions on the country's current economic situation and economic work for the second half of the year.
Xi Jinping, general secretary of the CPC Central Committee, presided over the symposium and delivered an important speech on July 23.
Stressing the general principle of pursuing progress while ensuring stability, Xi said efforts should be made to keep employment, businesses, markets and expectations stable, effectively bolster consumption, and break free from rat-race competition.
Work should be done to strengthen domestic economic circulation and promote the positive interplay between domestic and international economic flows, Xi said.
The symposium was attended by Li Qiang, Wang Huning, Cai Qi and Ding Xuexiang, all members of the Standing Committee of the Political Bureau of the CPC Central Committee. Li briefed the meeting on economic work in the first half of 2025 and introduced relevant considerations for the economic work in the second half.
Chairpersons of the central committees of eight non-CPC parties, chairperson of the All-China Federation of Industry and Commerce (ACFIC), and a representative of persons without party affiliation made speeches.
They agreed with the CPC Central Committee's analysis and considerations for the economic work and offered suggestions on issues including inter-regional coordination of sci-tech and industrial innovation, service consumption and private enterprises.
The Chinese economy posted stable performance and made progress in the first half of this year, reflecting its solid foundation, multiple advantages, strong resilience, great potential, and continuous accumulation of positive factors supporting high-quality development, Xi noted after listening to their speeches.
In the face of risks and challenges in the second half, China should focus on expanding domestic demand, deepening reform and opening-up, promoting the in-depth integration of sci-tech and industrial innovation, preventing and mitigating risks in key sectors, and improving people's livelihoods, Xi said.
Xi expressed the hope that all non-CPC parties, the ACFIC, and persons without party affiliation will forge broad consensus on economic development and put forward more forward-looking and actionable opinions and suggestions on high-quality development.
