The Political Bureau of the Central Committee of the Communist Party of China decided to hold the Fourth Plenary Session of the 20th Central Committee to analyze and study the current economic situati

2025-07-31 09:33:15

The Political Bureau of the Central Committee of the Communist Party of China held a meeting on July 30 and decided to hold the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China in Beijing in October this year. The main agenda is that the Political Bureau of the Central Committee of the Communist Party of China will report to the Central Committee on its work and study proposals for the formulation of the 15th Five-Year Plan for National Economic and Social Development. The meeting analyzed the current economic situation and deployed economic work in the second half of the year. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting.

The Political Bureau of

the Central Committee of the Communist Party of China held a meeting on July 30 and decided to hold the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China in Beijing in October this year. To study proposals on the formulation of the Fifteenth Five-Year Plan for National Economic and Social Development. The meeting analyzed the current economic situation and deployed economic work in the second half of the year. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting.

The meeting pointed out that the 15th Five-Year Plan period is a critical period for basically realizing socialist modernization , consolidating the foundation and making full efforts. China's development environment is facing profound and complex changes, strategic opportunities and risks coexist, and uncertain and unpredictable factors increase. At the same time, China has a stable economic foundation, many advantages, strong resilience and great potential, and the long-term supporting conditions and basic trends remain unchanged. The advantages of the socialist system with Chinese characteristics, the super-large-scale market, the complete industrial system and the rich human resources are more prominent. Enhance confidence in victory, actively recognize changes and seek changes, concentrate on their own affairs, win strategic initiative in fierce international competition, and promote major breakthroughs in strategic tasks related to the overall situation of Chinese-style modernization.

The meeting emphasized that economic and social development during the 15th Five-Year Plan period should adhere to Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the important thought of "Three Representatives" and the scientific concept of development, and comprehensively implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. Focusing on building a strong socialist modernization country in an all-round way and achieving the goal of the second century's struggle, the central task of promoting the great rejuvenation of the Chinese nation in an all-round way with Chinese-style modernization is to fully, accurately and comprehensively implement the new development concept. We should adhere to the general tone of steady and progressive work, promote the overall layout of the "five in one" as a whole, coordinate and promote the strategic layout of the "four in an all-round way", accelerate the construction of a new development pattern, coordinate the domestic and international overall situation, coordinate development and security, and promote the effective improvement of the quality and rational growth of the economy, so as to achieve the goal. Solid steps have been taken to promote the all-round development of human beings and the common prosperity of all the people, so as to ensure decisive progress in the basic realization of socialist modernization.

The meeting held that since this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as its core, various departments in various regions have actively acted to overcome difficulties and stepped up the implementation of more active and promising macro-policies. China's economic operation has made steady progress and achieved new results in high-quality development. Major economic indicators have performed well, new quality productive forces have developed positively, reform and opening up have been deepened, risks in key areas have been effectively prevented and resolved, people's livelihood has been further strengthened, and China's economy has shown strong vitality and resilience.

The meeting pointed out that China's current economic operation is still facing many risks and challenges. We should correctly grasp the situation, enhance the sense of hardship, adhere to the bottom line thinking, make good use of development opportunities, potential and advantages, and consolidate and expand the momentum of economic recovery.

The meeting stressed that in order to do a good job in economic work in the second half of the year, we should adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, adhere to the general tone of steady progress, implement the new development concept completely, accurately and comprehensively, speed up the constru ction of a new development pattern, maintain policy continuity and stability, enhance flexibility and predictability, and strive to build a well-off society in an all-round way. Efforts should be made to stabilize employment, enterprises, markets and expectations, vigorously promote the domestic and international double cycle, strive to accomplish the year-round economic and social development goals and tasks, and achieve a successful conclusion of the 14th Five-Year Plan.

The meeting pointed out that macroeconomic policies should be sustained and timely. We should implement a more active fiscal policy and a moderately loose monetary policy to fully release the policy effect. We should speed up the issuance and use of government bonds and improve the efficiency of the use of funds. Hold firmly the bottom line of "three guarantees" at the grass-roots level. Monetary policy should maintain sufficient liquidity and promote the downward trend of social comprehensive financing costs. We should make good use of various structural monetary policy tools to support scientific and technological innovation, boost consumption, small and micro enterprises, and stabilize foreign trade . Supporting major economic provinces to play a leading role. Strengthen the consistency of macro policy orientation.

The meeting stressed the need to effectively release the potential of domestic demand. Deeply implement the special action to boost consumption, while expanding commodity consumption, foster new growth points of service consumption. Expanding consumer demand in ensuring and improving people's livelihood. Promote the "dual" construction with high quality, stimulate the vitality of private investment and expand effective investment.

The meeting pointed out that we should unswervingly deepen reform. We should persist in leading the development of new quality productive forces with scientific and technological innovation, accelerate the cultivation of new pillar industries with international competitiveness, and promote the deep integration of scientific and technological innovation and industrial innovation. We will further promote the construction of a unified national market and promote the continuous optimization of market competition order. Manage the disorderly competition of enterprises in accordance with the law and regulations. Promote capacity management in key industries. Standardize local investment promotion behavior . We should adhere to the "two unshakable" principle and stimulate the vitality of all kinds of business entities.

The meeting stressed the need to expand high-level opening-up and stabilize the basic situation of foreign trade and foreign investment. We will help foreign trade enterprises that have been greatly impacted, strengthen financing support, and promote the integrated development of domestic and foreign trade. We should optimize the export tax rebate policy and build open platforms such as free trade pilot zones at a high level.

The meeting pointed out that we should continue to guard against and defuse risks in key areas. Implement the spirit of the Central Urban Work Conference and carry out urban renewal with high quality. Actively and steadily resolve the risk of local government debt, strictly prohibit new implicit debt, and effectively and orderly promote the liquidation of local financing platforms. Enhance the attractiveness and inclusiveness of the domestic capital market, and consolidate the momentum of stabilization of the capital market.

The meeting stressed the need to do a solid job in ensuring people's livelihood. Highlighting the policy orientation of giving priority to employment and promoting the employment of key groups such as college graduates, veterans and migrant workers. We should implement the policy of benefiting the people and improve the hierarchical and classified social assistance system. Consolidate the foundation of agriculture, rural areas and farmers, and keep the prices of grain and important agricultural products at a reasonable level. Consolidate and expand the achievements of poverty alleviation and ensure that large-scale poverty alleviation does not occur . We should always put the safety of people's lives in the first place, strengthen the supervision of production safety and food safety, do a good job in flood control, emergency rescue and disaster relief, and ensure the supply of energy and electricity during the summer peak period. Do a good job in the formulation of the 15th Five-Year Plan.

The meeting pointed out that we should fully mobilize the enthusiasm of all parties. Leading cadres should establish and practice correct view of political achievement and do economic work well in accordance with the new development concept. Entrepreneurs should stand up to the tide and win the initiative of market competition with high-quality products and services. All departments in all regions should fully implement the decision-making and deployment of the Party Central Committee, make good use of the achievements of learning and education in the spirit of the Eight Provisions of the Central Committee, and provide strong momentum for high-quality development.

The meeting also considered other matters.

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