At the Politburo meeting on December 8, the economic work in 2024 was analyzed and studied, and the economic work was comprehensively deployed, emphasizing the following key points.
First of all, next year, it is necessary to adhere to the principle of seeking progress while maintaining stability, promoting stability through progress, and establishing first and then breaking down, strengthen counter-cyclical and cross-cyclical adjustment of macroeconomic policies, and continue to implement a proactive fiscal policy and a prudent monetary policy. This means that the economy will continue to grow steadily, while seeking sustainable development in stability.
Second, the proactive fiscal policy should be moderately strengthened, improve quality and efficiency, and the prudent monetary policy should be flexible, moderate, precise and effective. This means that we will adopt a more active fiscal policy, increase expenditure, and improve the efficiency of the use of fiscal funds, while maintaining the soundness of monetary policy and ensuring the stability and healthy development of the financial market.
Third, it is necessary to strengthen the consistency of macroeconomic policy orientation, and strengthen economic propaganda and guidance. This means that the publicity and interpretation of economic policies will be strengthened, the awareness and understanding of economic policies by all sectors of society will be enhanced, and a good social environment will be formed.
Fourth, it is necessary to lead the construction of a modern industrial system with scientific and technological innovation, and improve the resilience and safety level of the industrial chain. This means that we will strengthen the support and guidance for scientific and technological innovation, promote the combination of scientific and technological innovation and industrial development, improve the resilience and safety of the industrial chain, and promote the sustainable development of the economy.
Fifth, efforts should be made to expand domestic demand and form a virtuous circle in which consumption and investment promote each other. This means that it will strengthen the guidance and support for domestic demand, promote a virtuous cycle of consumption and investment, and promote stable economic growth.
Sixth, we need to deepen reforms in key areas and continue to inject strong impetus into high-quality development. This means that we will strengthen the promotion and guidance of reforms in key areas, promote the coordination and cooperation of various reforms, and provide strong impetus and support for high-quality development.
Seventh, it is necessary to expand high-level opening up to the outside world and consolidate the basic market of foreign trade and foreign investment. This means that we will continue to promote the process of opening up to the outside world, strengthen economic and trade cooperation with countries around the world, attract more foreign investment and foreign trade business, and promote stable economic growth.
Eighth, we must continue to effectively prevent and resolve risks in key areas, and resolutely adhere to the bottom line of no systemic risks. This means that we will continue to strengthen risk management and supervision in key areas such as finance, prevent and resolve all kinds of risks and hidden dangers, and ensure the stability and healthy development of the economy.
Ninth, we must make unremitting efforts to do a good job in the "three rural" work, and promote urban-rural integration and regional coordinated development. This means that we will continue to strengthen the development support and guidance for rural areas, promote the integrated development of urban and rural areas, promote coordinated regional development, and achieve comprehensive and sustainable economic development.
Tenth, we must further promote the construction of ecological civilization and green and low-carbon development, and accelerate the construction of a beautiful China. This means that we will continue to strengthen support and guidance for environmental protection and green development, promote the construction of ecological civilization, achieve green and low-carbon development, and build a beautiful China.
Eleventh, we must persist in doing our best and doing what we can to effectively protect and improve people's livelihood. This means that we will continue to strengthen support and protection in the field of people's livelihood, and try our best to provide better public services and social security for the people, so that the people can share more development fruits and dividends.
To sum up, the key contents of the Politburo meeting's arrangements for economic work include strengthening macroeconomic policy adjustment, promoting scientific and technological innovation and industrial development, expanding domestic demand, and deepening reforms. These measures aim to promote high-quality economic development, promote the coordinated development of urban and rural areas, strengthen the construction of ecological civilization, and ensure people's livelihood and well-being.
Kunpeng Project