Two days ended in Beijing. Central economical Conference, a key event organised by the Central Committee of the Communist organization of China. The leaders of the state, headed by president Xi Jinping, outlined an economical strategy for the coming year, emphasising on Strengthening national demand and innovation-based development as the main pillars of growth in the face of global and interior challenges.
Economic summit
The conference, held on 10-11 December, was attended by the most crucial members of the Chinese authorities. In addition to Secretary-General Xi Jinping and Prime Minister Li Qiang, all members of the Political Office, leading representatives of parliament, government, ultimate judicial bodies and prosecutors, as well as organization and administration leaders from all over the country participated in the deliberations. specified attendance demonstrates the exceptional importance of the Conference, as well as its decisions, at a crucial minute for the Chinese economy.
The diagnosis of the state of the economy: Challenges and unchanged potential
The gathering took stock of the past 5 years, identifying them as a period of effective consequence to many shocks and challenges. Despite the pressure, the Chinese economy continued to develop, focusing on building a modern industrial strategy and deepening reforms. However, participants acknowledged that the country inactive faces problems specified as insufficient home demand, imbalances between supply and request and risks in key sectors. External changes in the global arena besides exacerbate these difficulties.
Despite these challenges, the conclusions of the conference stressed that "the basic conditions and long-term affirmative trends underlying China's economical growth stay unchanged". The identified problems have been identified as issues related to the natural process of improvement and transformation that can be addressed through joint efforts.
Priorities for next year: 8 key tasks
Economic policy for the coming year is to be based on the rule "promoting advancement while ensuring stability". To accomplish this, 8 main lines of action have been adopted:
| Task | Main assumptions |
| 1. Stimulating home demand | Increase the income of residents, remove consumer barriers, stimulate private and public investment. |
| 2. Innovation-based development | Construction of global innovation centres (including Beijing and Shanghai), strengthening the function of companies in investigation and development, expanding the usage of artificial intelligence (AI+). |
| 3. Deepening reforms | Building a single national market, supporting public and private enterprises, reforming the taxation system. |
| 4. Openness to the World | Expanding the beginning of the service sector, building free trade zones (e.g. port in Hainan), promoting digital and green trade. |
| 5. Sustainable regional development | Promoting urbanisation, agrarian regeneration, ensuring food safety and combating poverty. |
| 6. Environmental transformation | Carbon reduction, green energy development, strengthening the national carbon trading market. |
| 7. Improving the surviving conditions of the population | Employment stability, education and healthcare reform, improvement of care services and support for families. |
| 8. hazard management | Real property stability, addressing local government debt and preventing fresh hidden debts. |
Strengthening leadership and belief in the future
At the end of the conference, it called for the unification of thoughts and actions around the Central Committee's decisions. The request to keep a strong religion in China's future development, despite the difficulties that exist, was stressed. The key function of the centralised and unified leadership of the organization in achieving the stated economical objectives was besides highlighted, calling on all regions and departments to full implement the adopted plans and policies.
Source:
Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China
Email: [email protected]
Editorial: Leszek B.
Email: [email protected]
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