The Political Bureau of the Central Committee of the Communist Party of China held a meeting on July 24th to analyze and study the current economic situation and deploy economic work for the second half of the year. It has laid a solid foundation for achieving the annual economic and social development goals. The meeting pointed out that the current economic operation is facing new difficulties and challenges, mainly due to insufficient domestic demand, operational difficulties for some enterprises, high risks and hidden dangers in key areas, and a complex and severe external environment. After a smooth transition in epidemic prevention and control, economic recovery is a process of wavelike development and tortuous progress. Our country's economy has enormous development resilience and potential, and the long-term fundamentals for improvement have not changed. The meeting stressed that to do a good job in the economic work in the second half of the year, we should adhere to the general tone of seeking progress while maintaining stability, fully, accurately and comprehensively implement the new development concept, accelerate the construction of a Dual circulation, comprehensively deepen reform and opening up, increase macro policy regulation, focus on expanding domestic demand, boosting confidence, preventing risks, and constantly promote the continuous improvement of economic operation, the continuous enhancement of endogenous momentum, the continuous improvement of social expectations, and the continuous elimination of risks and hidden dangers, Promote the effective improvement of quality and reasonable growth of quantity in the economy. The meeting pointed out that it is necessary to make good use of policy space, identify the direction of development, and solidly promote high-quality economic development. We need to implement precise and effective macroeconomic regulation, strengthen countercyclical regulation and policy reserves. We should continue to implement proactive fiscal policies and prudent monetary policies, continue, optimize, improve, and implement tax and fee reduction policies, leverage the role of aggregate and structural monetary policy tools, and vigorously support technological innovation, the development of the real economy, and small and micro enterprises. To maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. To activate the capital market and boost investor confidence. The meeting emphasized the need to actively expand domestic demand, leverage the fundamental role of consumption in driving economic growth, expand consumption by increasing household income, drive effective supply through terminal demand, and organically combine the implementation of the strategy of expanding domestic demand with deepening supply side structural reform. We need to boost bulk consumption of automobiles, electronic products, and home furnishings, and promote consumption of sports, leisure, cultural tourism, and other services. We need to better leverage the driving role of government investment and accelerate the issuance and use of local government special bonds. We need to formulate and introduce policies and measures to promote private investment. We should take multiple measures to stabilize the Political base of foreign trade and foreign investment. We need to increase international flights to ensure the stability and smoothness of Trans-Eurasia Logistics. The meeting pointed out that we should vigorously promote the construction of a modern industrial system, accelerate the cultivation of Grand strategy emerging industries, and create more pillar industries. We need to promote the deep integration of the digital economy with advanced manufacturing and modern service industries, and promote the safe development of artificial intelligence. We need to promote the standardized, healthy, and sustainable development of platform enterprises. The meeting emphasized the need to continuously deepen reform and opening up, adhere to the "two unwavering principles", effectively improve the core competitiveness of state-owned enterprises, and optimize them effectively
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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