the CPC Central Committee held a meeting on September 26 to analyze the current economic situation and deploy the next step of economic work. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting.
The meeting held that since this year, the Party Central Committee, with Comrade Xi Jinping as its core, has United to lead the people of all nationalities throughout the country to overcome difficulties and cope with them calmly, intensified macro-control efforts, made great efforts to deepen reform and opening up, expand domestic demand and optimize economic structure, with overall stable and steady economic operation, steady development of new quality productive forces and people's livelihood. Positive progress has been made in preventing and resolving risks in key areas, high-quality development has been steadily promoted, and the overall social situation has remained stable.
The meeting pointed out that the fundamentals of China's economy and the favorable conditions such as broad market, strong economic resilience and great potential have not changed. At the same time, there are some new situations and problems in the current economic operation. We should take a comprehensive, objective and calm view of the current economic situation, face up to difficulties, strengthen confidence, and earnestly enhance the sense of responsibility and urgency to do a good job in economic work. We should grasp the key points and take the initiative, effectively implement the stock policy, vigorously introduce the incremental policy, further improve the pertinence and effectiveness of the policy measures, and strive to accomplish the economic and social development goals and tasks throughout the year.
The meeting stressed that the counter-cyclical adjustment of fiscal and monetary policies should be strengthened to ensure the necessary financial expenditure and to do a good job of "three guarantees" at the grass-roots level. We should issue and make good use of ultra-long-term special treasury bonds and local government special bonds to better play the leading role of government investment. We should reduce the deposit reserve ratio and implement vigorous interest rate cuts. To promote the real estate market to stop falling and stabilize, we should strictly control the increment, optimize the stock, improve the quality of commercial housing construction, increase the "white list" project loans, and support the revitalization of idle land stock. We should respond to the concerns of the masses, adjust the housing purchase restriction policy, reduce the interest rate of the stock mortgage, improve the land, fiscal, taxation and financial policies, and promote the construction of a new real estate development model. Efforts should be made to boost the capital market, vigorously guide medium and long-term funds to enter the market, and break through the blockages of social security, insurance, financial management and other funds entering the market. We should support mergers and acquisitions of listed companies, steadily promote the reform of public funds, and study and promulgate policies and measures to protect small and medium-sized investors.
The meeting pointed out that enterprises should be helped to tide over difficulties and further standardize law enforcement and supervision of enterprises involved. It is necessary to promulgate a law to promote the private economy and create a good environment for the development of the non-public economy. We should combine the promotion of consumption with the benefit of people's livelihood, promote the income of middle and low income groups, and improve the consumption structure. We should cultivate new forms of consumption. We should support and standardize the development of pension and nursery industries by social forces, and improve the fertility support policy system. We should intensify efforts to attract and stabilize investment, accelerate and implement reform measures such as foreign investment access in the manufacturing sector, and further optimize the market-oriented, legalized and internationalized first-class business environment.
The meeting emphasized that we should stick to the bottom line of people's livelihood, focus on the employment of key groups such as college graduates, migrant workers, people out of poverty and zero-employment families, and strengthen the assistance to groups with employment difficulties such as older, disabled and long-term unemployment. We should strengthen assistance to low-income people. We should do a good job in ensuring the supply and price of important materials such as food, water, electricity and heat. We should earnestly do a good job in grain and agricultural production, care about increasing farmers' income, do a good job in autumn and winter production, and ensure national food security.
The meeting demanded that all departments in all regions should conscientiously implement the decision-making and deployment of the Party Central Committee, take the lead and unite as one, fully stimulate the initiative and creativity of the whole society in promoting high-quality development, and promote the sustained economic recovery. The majority of Party members and cadres should be brave in taking responsibility and innovation, and make great achievements in overcoming difficulties. We should set up a good vane for selecting and employing people, earnestly implement the "three distinctions", and support the undertakers and the officers. We should support major economic provinces to play a leading role and better play a leading and pillar role.
The meeting also considered other matters.
