The meeting pointed out that we must unswervingly deepen reform. Adhere to leading the development of new quality productive forces with scientific and technological innovation, accelerate the cultivation of emerging pillar industries with international competitiveness, and promote the in-depth integration and development of scientific and technological innovation and industrial innovation. We will further advance the construction of a unified national market and continuously optimize the market competition order. Govern disorderly competition among enterprises in accordance with laws and regulations. Promote capacity governance in key industries. Regulate local investment promotion and business attraction behaviors. Adhere to the “two unwavering commitments” and stimulate the vitality of all types of business entities.

The meeting emphasized the need to expand high-level opening up and stabilize the basic position of foreign trade and foreign investment. Help foreign trade enterprises that have been severely impacted, strengthen financing support, and promote the integrated development of domestic and foreign trade. Optimize export rebate policies and build open platforms such as free trade zones at a high level.

The meeting emphasized the need to do a solid job in ensuring people’s livelihood. We must always put the safety of people’s lives first, strengthen supervision over production safety and food safety, and ensure energy and power supply during the peak summer period. Do a good job in the formulation of the 15th Five-Year Plan.

Beijing, July 30 (Xinhua) — The Political Bureau of the Central Committee of the Communist Party of China held a meeting on July 30, deciding 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 for the Political Bureau of the Central Committee to report its work to the Central Committee and study suggestions on formulating the 15th Five-Year Plan for National Economic and social Development. The meeting analyzed and studied the current economic situation and made arrangements for economic work in the second half of the year. General Secretary Xi Jinping of the Central Committee of the Communist Party of China presided over the meeting.

The meeting pointed out that the period of the 15th Five-Year Plan is a crucial time for laying a solid foundation and making all-out efforts to basically achieve socialist modernization. China’s development environment is facing profound and complex changes, with strategic opportunities and risks and challenges coexisting, and more uncertain and unpredictable factors. Meanwhile, China’s economic foundation is stable, with many advantages, strong resilience and great potential. The supporting conditions and basic trends for long-term positive development have not changed. The advantages of the socialist system with Chinese characteristics, the super-large-scale market, the complete industrial system and the rich human resources have become more prominent. We must maintain strategic resolve, enhance confidence in victory, actively identify, respond to and seek changes, concentrate our efforts on doing our own things well, gain strategic initiative in fierce international competition and achieve major breakthroughs in strategic tasks concerning the overall situation of Chinese-style modernization.

? With the central task of comprehensively advancing the great rejuvenation of the Chinese nation through Chinese-style modernization, we will fully, accurately and comprehensively implement the new development philosophy, adhere to the general working principle of seeking progress while maintaining stability, promote the overall layout of the “five-sphere integrated plan” in a coordinated manner, advance the strategic layout of the “Four Comprehensives” in a coordinated way, accelerate the building of a new development pattern, balance domestic and international situations, and balance development and security. We should promote effective quality improvement and reasonable growth in quantity of the economy, take solid steps towards all-round human development and common prosperity for all the people, and ensure decisive progress in basically achieving socialist modernization.

? The major economic indicators performed well. The new quality of productive forces developed actively. Reform and opening up were continuously deepened. Risks in key areas were effectively prevented and defused. The bottom-line guarantee for people’s livelihood was further strengthened. China’s economy demonstrated strong vitality and resilience.

The meeting pointed out that China’s economic operation still faces many risks and challenges at present. We should correctly grasp the situation, enhance our sense of concern, adhere to the bottom-line thinking, make good use of development opportunities, potential and advantages, and consolidate and expand the momentum of economic recovery and improvement.

? We will vigorously promote the dual circulation at home and abroad, strive to complete the annual economic and social development goals and tasks, and ensure a successful conclusion of the 14th Five-Year Plan.

The meeting pointed out that macro policies should be continuously strengthened and intensified in a timely manner. We should implement and refine a more proactive fiscal policy and a moderately loose monetary policy to fully unleash their effects. Accelerate the issuance and utilization of government bonds and enhance the efficiency of fund utilization. Ensure the bottom line of “three guarantees” at the grassroots level. Monetary policy should maintain ample liquidity and promote the decline of the overall social financing cost. We should make good use of various structural monetary policy tools to intensify support for scientific and technological innovation, boost consumption, support small and micro enterprises, and stabilize foreign trade. Support major economic provinces in playing a leading role. Strengthen the consistency of macro policy orientation.

The meeting emphasized the need to effectively unleash the potential of domestic demand. We will further implement the special campaign to boost consumption, expand the consumption of goods while fostering new growth points in service consumption. Expand consumer demand in ensuring and improving people’s livelihood. We will promote high-quality development of the “two major” initiatives, stimulate the vitality of private investment and expand effective investment.

The meeting pointed out that we must unswervingly deepen reform. Adhere to leading the development of new quality productive forces with scientific and technological innovation, accelerate the cultivation of emerging pillar industries with international competitiveness, and promote the in-depth integration and development of scientific and technological innovation and industrial innovation. We will further advance the construction of a unified national market and continuously optimize the market competition order. Govern disorderly competition among enterprises in accordance with laws and regulations. Promote capacity governance in key industries. Regulate local investment promotion and business attraction behaviors. Adhere to the “two unwavering commitments” and stimulate the vitality of all types of business entities.

The meeting emphasized the need to expand high-level opening up and stabilize the basic position of foreign trade and foreign investment. Help foreign trade enterprises that have been severely impacted, strengthen financing support, and promote the integrated development of domestic and foreign trade. Optimize export rebate policies and build open platforms such as free trade zones at a high level.

The meeting pointed out that it is necessary to continuously prevent and defuse risks in key areas. We should implement the spirit of the Central Urban Work Conference well and carry out urban renewal in a high-quality manner. We will actively and steadily defuse local government debt risks, strictly prohibit the creation of new hidden debts, and effectively and orderly advance the liquidation of local financing platforms. Enhance the attractiveness and inclusiveness of the domestic capital market and consolidate the momentum of its recovery and improvement.

The meeting emphasized the need to do a solid job in ensuring people’s livelihood. Highlight the policy orientation of giving priority to employment and promote the employment of key groups such as college graduates, veterans and migrant workers. We should implement policies benefiting the people well and improve the stratified and classified social assistance system. We will strengthen the foundation of agriculture, rural areas and farmers, and keep the prices of grain and important agricultural products at a reasonable level. Consolidate and expand the achievements of poverty alleviation to ensure that no large-scale return to poverty occurs. We must always put the safety of people’s lives first, strengthen supervision over production safety and food safety, spare no effort to carry out flood control, emergency rescue and disaster relief, and ensure energy and power supply during the peak summer period. Do a good job in the formulation of the 15th Five-Year Plan.

The meeting pointed out that the enthusiasm of all parties should be fully mobilized. Leading cadres should establish and practice a correct view of political achievements and do economic work in accordance with the new development concepts. Entrepreneurs should stand at the forefront and take the initiative in market competition with high-quality products and services. All regions and departments should fully implement the decisions and plans of the Central Committee of the Communist Party of China, make good use of the achievements of the in-depth study and education on the spirit of the Central Eight-point Regulation, and provide strong impetus for high-quality development.