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Economy

Strengthening policy implementation to promote sustained economic recovery and improvement

2024-10-10   

On the first working day after the National Day holiday, the State Council Information Office held a press conference on the systematic implementation of a package of incremental policies, releasing a clear signal of vigorously implementing policies and solidly boosting the economy, including increasing countercyclical adjustment of macro policies, expanding effective domestic demand, increasing assistance to enterprises, promoting the stabilization of the real estate market, and boosting the capital market. The Political Bureau meeting of the Communist Party of China Central Committee held on September 26 made clear arrangements to effectively implement existing policies and vigorously promote incremental policies, demonstrating the Party Central Committee's confidence and determination to fully boost the economy. Recently, a series of financial policies such as reserve requirement ratio cuts and interest rate cuts, stabilizing the real estate market, and stabilizing the stock market have been released in a concentrated manner. The central government has introduced 24 measures to promote employment for the first time, and the negative list for foreign investment access has achieved zero measures in the manufacturing sector... Multiple favorable policies have been introduced intensively, focusing not only on solving current difficulties and problems, but also on improving the quality of economic development, better consolidating the foundation, and benefiting the long-term. The key to promoting sustained economic recovery and improvement lies in implementing policies and transforming policy dividends into tangible development drivers. All levels and departments should unify their thoughts and actions with the scientific judgment of the Party Central Committee on the economic situation, implement the decisions and deployments of the Party Central Committee, implement the clear policy measures, effectively help enterprises overcome difficulties, hold the bottom line of people's livelihood, and promote the upward structural optimization of the economy by firmly promoting high-quality development. Implementing a package of incremental policies is a comprehensive and systematic project, not emphasizing "multiple punches", but rather playing a good "combination punch". The policy coordinates measures in various fields such as finance, consumption, investment, real estate, stock market, employment, and people's livelihood, linking the present with next year and even the medium to long term, benefiting both the present and the long term. Adhering to systematic policy implementation, combining strengths and weaknesses, improving targeting and precision, enhancing effectiveness and sustainability, will better leverage the policy's "multiplier effect" and stimulate greater development potential. By October, it is crucial to carry out the economic work in the fourth quarter to ensure the achievement of the expected goals and tasks for economic and social development throughout the year. The meeting of the Political Bureau of the Central Committee of the Communist Party of China emphasized the importance of "taking action first and working together as one", in order to effectively implement the key points and tighten the wind. In the face of difficulties and challenges, we must take the initiative, work hard, and work together to promote the implementation of various decisions and reform measures of the Party Central Committee, in order to better gather development forces, stabilize market expectations, and consolidate the foundation of development. We have the conditions, ability, and confidence to do so. (New Society)

Edit:Tang Baolan,Zhang Pan Responsible editor:Li Da

Source:XinHuaNet

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