Latest developments

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2022

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Strengthen domestic exploration and development of important energy and mineral resources and increase storage and production!

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.


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.


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. Centering 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 skills 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 races.

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 and do a solid job in ensuring the delivery of buildings, people's livelihood and stability,To 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 housing enterprises, improve the balance sheet, and 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 requested that we must accurately grasp the requirements of next year's economic work deployment, dare to take responsibility, act well, observe the actual situation, and creatively implement it, strive to achieve the main expected goals of next year's economic development, and use new weather as a new way 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. and ensure the basic livelihood of the masses, the old, the weak, the sick, the disabled, and other special groups,Strengthen the safety production rectification, 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 of "being uneasy 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