central economic work conference held in beijing

Xi Jinping Li Keqiang Li Qiang made an important speech

Zhao Leji, Wang Huning, Han Zheng, Cai Qi, Ding, Xue Xiang, Li Xi attended the meeting

The Central Economic Work Conference was held in Beijing from December 15 to 16. Xi Jinping, general secretary of the CPC Central Committee, president and chairman of the Central Military Commission, attended the meeting and delivered an important speech. Li Keqiang, Li Qiang, Zhao Leji, Wang Huning, Han Zheng, Cai Qi, Ding Xuexiang and Li Xi attended the meeting.

In his important speech, Xi Jinping summarized the economic work in 2022, analyzed the current economic situation and deployed the economic work in 2023. Li Keqiang made arrangements for next year's economic work. Li Qiang made a concluding speech.

The meeting held that this year is an extremely important year in the history of the party and the country. We successfully convened the 20th National Congress of the Communist Party of China, which drew a grand blueprint for building a modern socialist country in an all-round way. In the face of the stormy international environment and the arduous and arduous task of domestic reform, development and stability, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at the core, the whole Party and the people of all ethnic groups in the country have risen to the challenge, forged ahead, coordinated domestic and international overall situation, coordinated epidemic prevention and control and economic and social development, coordinated development and security, strengthened macro-control efforts, responded to the impact of unexpected factors, steadily improved quality of development, and achieved fruitful scientific and achieved fruitful results, reform and opening up have been comprehensively deepened, employment prices have been basically stable, food security, energy security and people's lives have been effectively guaranteed, and the overall economic and social stability has been maintained. Successfully hosted the Beijing Winter Olympics and Paralympics. Achievements are not easy and worth cherishing.

The meeting pointed out that at present, the foundation of China's economic recovery is not yet solid, the triple pressure of demand contraction, supply shock and expected weakening is still large, and the external environment is turbulent, which has a deepening impact on China's economy. However, it should be noted that China's economy has strong resilience, great potential and full vitality, and the effects of various policies continue to show, and the overall economic operation is expected to pick up next year. We must strengthen our confidence in doing economic work.

The meeting held that the past five years have been extremely unusual and extraordinary, and that we have withstood multiple tests such as the accelerated evolution of the world's changing situation, the impact of the new coronary pneumonia epidemic and the domestic economic downturn, effectively protecting the safety of people's lives and health, and that China's economic ship has been riding the wind and waves. The decade of the new era is a decade in which China's economic and social development has made historic achievements, undergone historic changes and turned to high-quality development. We have historically solved the problem of absolute poverty and built a moderately prosperous society in an all-round way as scheduled. my country's development stands at a new and higher historical starting point.

The meeting pointed out that to do a good job in economic work, we must adhere to the overall leadership of the party, especially the centralized and unified leadership of the Party Central Committee; adhere to development as the party's top priority in governing and rejuvenating the country, and development must be high-quality development, complete, accurate and comprehensive implementation of the new development concept; adhere to the general tone of seeking progress in stability, adhere to seeking truth from facts, respect for laws, systematic concepts, bottom line thinking, and practice as the standard; adhere to and improve the basic socialist economic system, adhere to the direction of socialist market economic reform, adhere to the "two unshakable"; adhere to the promotion of high-level opening up, and steadily expand the institutional opening of rules, regulations, management, and standards; adhere to the promotion of economic development Operate on the track of the rule of law, protect property rights and intellectual property rights in accordance with the law, abide by the spirit of contract, and create a market-oriented, rule of law, and international first-oriented business environment.

The meeting stressed that to do a good job in next year's economic work, we should take Xi Jinping's new era of socialism with Chinese characteristics as the guide, fully implement the spirit of the 20th CPC National Congress, solidly promote Chinese modernization, adhere to the general keynote of seeking progress amidst stability, fully, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, strive to promote high-quality development, better coordinate epidemic prevention and control and economic and social development, better coordinate development, and security, and comprehensively deepen reform and opening up, vigorously boost market confidence, organically integrate the implementation of the strategy of expanding domestic demand with the deepening of supply-side structural reforms, highlight the work of stabilizing growth, stabilizing employment, and stabilizing prices, effectively prevent and resolve major risks, promote the overall improvement of economic operations, and achieve quality Effective improvement and reasonable growth in quantity are a good step for the comprehensive construction of a modern socialist country.

The meeting requested that next year, we must adhere to the principle of stability and seek progress while maintaining stability, continue to implement a proactive fiscal policy and a prudent monetary policy, increase macro policy control, strengthen the coordination and cooperation of various policies, and form a joint force to promote high-quality development.

Active fiscal policy should be strengthened to improve efficiency. Maintain the necessary intensity of fiscal expenditure, optimize the combination of deficit, special debt, interest discount and other tools, in effectively supporting high-quality development to ensure fiscal sustainability and local government debt risk control. It is necessary to increase the central government's transfer payments to local governments, promote the sinking of financial resources, and do a good job in the "three guarantees" at the grassroots level.

A prudent monetary policy should be precise and powerful. We should maintain a reasonable abundance of liquidity, keep the growth rate of broad money supply and social financing scale basically in line with the nominal economic growth rate, and guide financial institutions to increase support for small and micro enterprises, scientific and technological innovation, green development and other areas. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level, and strengthen the financial stability guarantee system.

Industrial policy should go hand in hand with development and security. Optimize the implementation of industrial policies, pay close attention to the transformation and upgrading of traditional industries and the cultivation and growth of strategic emerging industries, focus on strengthening the weak links of the industrial chain, and forge new industrial competitive advantages in the process of implementing the carbon peak and carbon neutral goals. Promote a virtuous circle of "technology-industry-finance.

Science and technology policy should focus on self-reliance. It is necessary to effectively coordinate education, science and technology, and talent work. Layout and implement a number of major national science and technology projects, improve the new national system, give full play to the organizational role of the government in tackling key core technologies, and highlight the dominant position of enterprises in scientific and technological innovation. Improve the quality and ability of independent training of talents, and accelerate the introduction of high-end talents.

Social policy should hold the bottom line of people's livelihood. We will implement the policy of giving priority to employment and put the promotion of the employment of young people, especially college graduates, in a more prominent position. Timely and effectively alleviate the impact of structural price increases on some people in difficulty. Strengthen the protection of the rights and interests of workers in new forms of employment, and steadily promote the national co-ordination of old-age insurance. Promote the expansion of high-quality medical resources and the balanced layout of the region. We will improve the fertility support policy system, implement the policy of gradually delaying the statutory retirement age in a timely manner, and actively respond to the aging population with fewer children.

The meeting stressed that there will be many difficulties and challenges in economic development next year, and it is necessary to adhere to the concept of system, integrity and innovation. It is necessary to better coordinate epidemic prevention and control and economic and social development, optimize epidemic prevention and control measures according to the situation, earnestly implement various measures for epidemic prevention and control in the new stage, ensure good medical treatment and medication for the masses, focus on the prevention and control of the elderly and groups suffering from basic diseases, and focus on protecting health and preventing severe diseases. It is necessary to better coordinate the effective improvement of economic quality and the reasonable growth of quantity, insist on winning by quality, and realize qualitative change by the accumulation of quantitative change. We should better coordinate supply-side structural reform and expand domestic demand, create effective demand through high-quality supply, and support the expansion of domestic demand in various ways and channels. It is necessary to better coordinate economic and other policies, enhance the overall view, and strengthen the assessment of consistency with macro policy orientation. It is necessary to better coordinate the domestic cycle and the international cycle, focus on building a new development pattern, enhance the internal power and reliability of the domestic cycle, and improve the quality and level of the international cycle. In order to better coordinate the current and long-term, we should not only do a good job in the current work, but also make a good connection for future development.

The meeting pointed out that next year's economic work is complicated, and it is necessary to proceed from the overall strategic situation, start with improving social psychological expectations and boosting development confidence, and do a good job.

First, focus on expanding domestic demand. Priority should be given to restoring and expanding consumption. Enhance consumption capacity, improve consumption conditions, and innovate consumption scenarios. Increase the income of urban and rural residents through multiple channels, and support consumption such as housing improvement, new energy vehicles, and elderly care services. It is necessary to effectively drive the investment of the whole society through government investment and policy incentives, accelerate the implementation of major projects of the 14th Five-Year Plan, and strengthen inter-regional infrastructure connectivity. Policy finance should increase financing support for major projects in line with the national development plan. Encourage and attract more private capital to participate in the construction of major national projects and short-board projects. We should continue to give full play to the supporting role of exports in the economy and actively expand the import of advanced technology, important equipment, energy resources and other products.

The second is to accelerate the construction of a modern industrial system. Focusing on the key industrial chain of the manufacturing industry, we should identify the weak links of key core technologies and components, concentrate high-quality resources to tackle key problems, ensure the independent control, safety and reliability of the industrial system, and ensure the smooth circulation of the national economy. Strengthen the domestic exploration and development of important energy and mineral resources, increase storage and production, accelerate the planning and construction of a new energy system, and enhance the national strategic material reserve guarantee capacity. Implement a new round of action to increase grain production capacity by 100 billion catties. Enhance the status and competitiveness of traditional industries in the global industrial division of labor, and accelerate the research and development and application of cutting-edge technologies such as new energy, artificial intelligence, biological manufacturing, green and low-carbon, and quantum computing. It is necessary to vigorously develop the digital economy, improve the level of normalized supervision, and support platform enterprises to show their talents in leading development, creating jobs, and international competition. Seize the new opportunities bred in the process of global industrial structure and layout adjustment, and have the courage to open up new fields and win new tracks.

The third is to earnestly implement the "two unwavering". In view of the incorrect comments in the society on whether we adhere to the "two unwavering", we must make our attitude clear and unambiguous. It is necessary to deepen the reform of state-owned enterprises and improve the core competitiveness of state-owned enterprises. Adhere to the direction of classification reform, handle the relationship between economic responsibility and social responsibility of state-owned enterprises. Improve the modern corporate governance of state-owned enterprises with Chinese characteristics and truly operate according to the market-oriented mechanism. It is necessary to lower the requirements for equal treatment of state-owned enterprises and private enterprises in terms of system and law, and encourage and support the development and growth of private economy and private enterprises in terms of policies and public opinion. Protect the property rights of private enterprises and the rights and interests of entrepreneurs in accordance with the law. Leading cadres at all levels must solve problems for private enterprises, do practical things, and build a pro-Qing relationship between government and business.

Fourth, we will make greater efforts to attract and utilize foreign capital. We should promote a high level of opening up to the outside world and improve the quality and level of trade and investment cooperation. It is necessary to expand market access and increase the opening up of the modern service industry. It is necessary to implement the national treatment of foreign-funded enterprises, ensure that foreign-funded enterprises participate in government procurement, bidding, and standard setting on an equal footing in accordance with the law, and increase the protection of intellectual property rights and the legitimate rights and interests of foreign investment. We should actively promote accession to high-standard economic and trade agreements such as the Comprehensive and Progressive Trans-Pacific Partnership Agreement and the Digital Economy Partnership Agreement, and take the initiative to deepen reforms in relevant domestic fields in accordance with relevant rules, regulations, management and standards. It is necessary to provide the greatest degree of convenience for foreign businessmen to come to China to engage in trade and investment negotiations, and promote the construction of landmark foreign investment projects.

Fifth, effectively prevent and resolve major economic and financial risks. It is necessary to ensure the steady development of the real estate market, do a solid job in ensuring the delivery of buildings, people's livelihood, and stability, meet the reasonable financing needs of the industry, promote industry restructuring and mergers and acquisitions, effectively prevent and resolve the risks of high-quality head real estate enterprises, and improve the balance sheet situation. at the same time, we must resolutely crack down on illegal and criminal acts in accordance with the law. It is necessary to implement policies in accordance with the city, support the demand for rigid and improved housing, solve the housing problems of new citizens and young people, and explore the construction of the long-term rental housing market. We should adhere to the positioning that the house is for living, not for speculation, and promote the smooth transition of the real estate industry to the new development model. It is necessary to prevent and resolve financial risks, consolidate the responsibilities of all parties, and prevent the formation of regional and systemic financial risks. Strengthen the centralized and unified leadership of the Central Committee of the Communist Party of China over financial work. We should prevent and resolve the risk of local government debt, resolutely curb the increment and resolve the stock.

The meeting pointed out that it is necessary to comprehensively promote rural revitalization and resolutely prevent large-scale return to poverty. Plan a new round of comprehensive deepening reform. Promote the high-quality development of the Belt and Road. In-depth implementation of major regional strategies and regional coordinated development strategies. We should promote the green transformation of economic and social development, promote carbon reduction, pollution reduction, green expansion and growth, and build a beautiful China.

The meeting emphasized that for an economy of our size, it is essential to keep the economy running smoothly. Efforts should be made to stabilize growth, employment and prices and keep the economy operating within a reasonable range. Focus on the needs of market subjects, improve the implementation of policies, enhance timeliness and accuracy. We should unswervingly deepen reform and stimulate market vitality and social creativity. Respect the laws of the market, deepen the reform of streamlining administration and delegating power, combining decentralization, and optimizing services, and treat enterprises of all types of ownership equally. We should focus on developing the real economy and rely on innovation to cultivate and strengthen new momentum for development. Promote the transformation and upgrading of traditional industries, support the development of strategic emerging industries and modern service industries, promote the in-depth development of mass entrepreneurship and innovation, and maximize the creative potential of the whole society. It is necessary to fully tap the potential of the domestic market and enhance the pulling effect of domestic demand on economic growth. Focusing on the urgent needs of economic development and people's livelihood, we will promote the construction of major projects to make up for shortcomings, and strive to eliminate the unfavorable factors that restrict residents' consumption. Strengthen the prevention and control of financial and local debt risks, and hold the bottom line against systemic risks. We should make greater efforts to promote the stable scale and excellent structure of foreign trade, make greater efforts to promote the stable stock and expansion of foreign capital, and cultivate new growth points of international economic and trade cooperation. It is necessary to strengthen basic public services, secure the bottom line of basic people's livelihood, support and guide social forces to increase diversified supply, and continuously improve people's livelihood and well-being.

The meeting requested that we must accurately grasp the requirements of next year's economic work deployment, dare to take responsibility, act well, observe the facts, and creatively implement them, strive to achieve the main expected goals of economic development next year, and use new weather and new things to promote high-quality development and achieve new results. We should unswervingly deepen reform and expand opening up, and constantly enhance the driving force and vitality of economic and social development. It is necessary to steadily handle and resolve major hidden risks and maintain overall economic, financial and social stability. In accordance with the deployment of the Central Committee of the Communist Party of China, we should optimize and adjust the epidemic prevention and control policies, strengthen overall coordination, organize and implement them in an orderly manner, smoothly pass the epidemic period, and ensure a smooth transition and social order and stability. It is necessary to do a good job at the end of the year and the beginning of the year, strengthen the market to ensure supply and price stability, strengthen the regulation of coal, electricity, oil and gas transportation, and ensure that the masses are warm and safe for the winter. Ensure the basic lives of special groups such as the elderly, the weak, the sick and the disabled due to the epidemic, strengthen the rectification of safe production, and resolutely prevent and curb the occurrence of major accidents.

The meeting emphasized that all regions, departments and leading cadres at all levels must unify their thoughts and actions with the spirit of the 20th National Congress of the Party and the Party Central Committee's decision-making and deployment on economic work. It is necessary to persist in taking high-quality development as the primary task of building a modern socialist country in an all-round way, improve the mechanism for the implementation of major decisions and arrangements of the CPC Central Committee, and do a good job in economic work with an enterprising spirit and a sense of responsibility that "can't rest assured at all times. The new team should have a new atmosphere and new deeds, strengthen study and become an expert and expert leader. We must persist in doing solid work, seek truth and be pragmatic, oppose formalism and bureaucracy, be scientifically and accurately accountable, and be responsible for those in charge.

The meeting called on the whole party to closely unite around the Party Central Committee with Comrade Xi Jinping at the core, strengthen the "four consciousnesses", strengthen the "four self-confidence", achieve the "two safeguards", work together and move forward courageously. Efforts to complete the economic and social development goals and tasks, and make new contributions to the comprehensive construction of a modern socialist country and the comprehensive promotion of the great rejuvenation of the Chinese nation.

Relevant leading comrades of the Party and the State attended the meeting.

The main responsible comrades of the party and government of all provinces, autonomous regions, municipalities directly under the Central Government, cities under separate state planning, and the Xinjiang Production and Construction Corps, relevant departments of the central and state organs, 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.

Source: Xinhua News Agency

Responsible Editor: Sun Yanpeng