The Political Bureau of the Central Committee of the Communist Party of China held a conference on April 28 to analyze and research the current economic situation and economic tasks. President Xi Jinping presided over the conference. The conference pointed out that at present China’s economic operation reform is mainly restorative, the endogenous motivation is not strong, the demand is still insufficient, economic transformation and upgrading are facing new resistance, and the promotion of high-quality development To give still many difficulties and challenges need to be overcome.
The conference said that restoring and expanding demand is the key to a sustained recovery of the current economy. Promote the effectiveness of proactive fiscal policy, maintain the accuracy of stable monetary policy, establish joint forces that expand demand, increase the income of urban and rural residents through multiple channels, improve the consumption environment and Promote the consumption of services like cultural tourism etc.
The conference also noted that the country needs to comprehensively deepen reforms and expand high-level opening-up. Attracting foreign investment should be given more importance, and the basic market for foreign trade and foreign investment should be stabilized. It is necessary to support conditional free trade pilot zones and free trade ports to connect to international high-standard economic and trade regulations.
(Credits- China Media Group, Beijing)
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