From December 10 to 11, the Central Economic Work Conference was held in Beijing. At the meeting, Xi Jinping, General Secretary of the CPC Central Committee, President of the State and Chairman of the Central Military Commission, summarized the economic work in 2025, analyzed the current economic situation and deployed the economic work in 2026. Li Qiang, Standing Committee of the Political Bureau of the CPC Central Committee, made a concluding speech, putting forward requirements for implementing the spirit of General Secretary Xi Jinping's important speech and doing a good job in economic work next year.
At this meeting, it was determined that next year's (2026) economic work will focus on eight key tasks, including " adhering to the" double carbon "leadership and promoting a comprehensive green transformation ". Among them, we should "further promote the transformation of energy saving and carbon reduction in key industries.". We will formulate a plan for building a strong energy country, speed up the construction of a new energy system, and expand the application of green electricity. We will strengthen the construction of the national carbon emissions trading market. We will carry out comprehensive solid waste control actions, fight in-depth battles to defend the blue sky, clear water and pure land, and strengthen the control of new pollutants. We will firmly promote the "Three North" project and implement the integration and optimization of nature reserves. "
The Central Economic Work Conference was held
in Beijing Xi Jinping to deliver an important speech. Li Qiang made a concluding speech
. Cai Qiding, Wang Huning of Zhao Leji, attended the meeting
Li Xi. The Central Economic Work Conference was held in Beijing from December 10 to 11. Xi Jinping, General Secretary of the CPC Central Committee, President of the State and Chairman of the Central Military Commission, attended the meeting and delivered an important speech. Li Qiang of the Standing Committee of the Political Bureau of the CPC Central Committee, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi attended the meeting. In his important speech,
Xi Jinping summarized the economic work in 2025, analyzed the current economic situation and deployed the economic work in 2026. Li Qiang made a concluding speech, putting forward requirements for implementing the spirit of General Secretary Xi Jinping's important speech and doing a good job in economic work next year.
The meeting pointed out that this year is an extraordinary year. The Party Central Committee, with Comrade Xi Jinping as its core, will unite and lead the whole Party and the people of all ethnic groups to face difficulties and strive hard, unswervingly implement the new development concept, promote high-quality development, coordinate the domestic and international overall situation, implement more active and promising macro-policies, and successfully accomplish the main objectives of economic and social development. China's economy is moving forward under pressure, moving towards new and better development, the construction of modern industrial system continues to advance, new steps have been taken in reform and opening up, positive progress has been made in risk resolution in key areas, and people's livelihood security has become more powerful. Over the past five years, we have effectively responded to various challenges and made new and significant achievements in the cause of the Party and the state. The 14th Five-Year Plan is coming to a successful conclusion, and the new journey of the second centenary goal has made a good start.
The meeting held that through practice, we have gained a new understanding and understanding of how to do a good job in economic work under the new situation: We must fully tap the economic potential, we must adhere to the simultaneous development of policy support and reform and innovation, we must achieve both "liberalization" and "good management", and we must adhere to the close combination of investing in things and investing in people. We must work hard to cope with external challenges.
The meeting pointed out that there are still many old problems and new challenges in China's economic development, the impact of changes in the external environment is deepening, the contradiction between domestic supply and demand is prominent, and there are many potential risks in key areas. Most of these are problems in the process of development and transformation, which can be solved through efforts, and the supporting conditions and basic trends for the long-term improvement of China's economy have not changed. We should strengthen our confidence, make good use of our advantages, meet challenges, and constantly consolidate and expand the momentum of economic stability.
The meeting stressed that in order to do a good job in economic work next year, we should take Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as the guide, thoroughly implement the spirit of the 20th and 20th Plenary sessions of the CPC, completely, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, focus on promoting high-quality development, adhere to the general tone of steady progress, and strive to build a well-off society in an all-round way. We should better coordinate domestic economic work and international economic and trade struggles, better coordinate development and security, implement more active and promising macro-policies, enhance the synergy of forward-looking and targeted policies, continue to expand domestic demand, optimize supply, optimize increments and revitalize stocks, develop new quality productive forces according to local conditions, and further promote the construction of a unified national market. Efforts should be made to stabilize employment, enterprises, markets and expectations, promote the effective improvement of economic quality and reasonable growth of quantity, maintain social harmony and stability, and achieve a good start of the 15th Five-Year Plan.
The meeting pointed out that next year's economic work in the policy orientation, we should adhere to the principle of steady progress, improve quality and efficiency, give full play to the integrated effect of stock policy and incremental policy, increase counter-cyclical and cross-cyclical adjustment, and enhance the effectiveness of macroeconomic governance. We should continue to implement a more active fiscal policy. Maintain the necessary fiscal deficit, total debt scale and total expenditure, strengthen the scientific management of finance, optimize the structure of fiscal expenditure, and standardize the preferential tax and financial subsidy policies. Attaching importance to solving local financial difficulties and holding the bottom line of "three guarantees" at the grass-roots level. Strictly enforce financial and economic discipline and insist that Party and government organs live a tight life. We should continue to implement a moderately loose monetary policy. To promote stable economic growth and reasonable price recovery as an important consideration of monetary policy, flexible and efficient use of reduce registration and cut interest rate and other policy tools to maintain adequate liquidity, smooth the transmission mechanism of monetary policy, and guide financial I nstitutions to strengthen support for expanding domestic demand, scientific and technological innovation, small and medium-sized enterprises and other key areas. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. We should enhance the consistency and effectiveness of macro policy orientation. All kinds of economic policies and non-economic policies, stock policies and incremental policies are included in the consistency assessment of macro-policy orientation. We should improve the expected management mechanism and boost social confidence.
The meeting decided to focus on the following key tasks in economic work next year.
First, we should adhere to the leading role of domestic demand and build a strong domestic market. Deeply implement the special action to boost consumption, and formulate and implement the income increase plan for urban and rural residents. Expand the supply of quality goods and services. Optimize the implementation of the "two new" policies. Clean up unreasonable restrictive measures in the field of consumption and release the potential of service consumption. Promote investment to stop falling and stabilize, appropriately increase the scale of investment in the central budget, optimize the implementation of "two-fold" projects, optimize the management of the use of local government special bonds, continue to play the role of new policy-based financial instruments, and effectively stimulate the vitality of private investment. Promote urban renewal with high quality.
Second, we should adhere to innovation-driven and step up efforts to foster and strengthen new momentum. To formulate an integrated plan to promote the development of educational science and technology talents. Beijing (Beijing-Tianjin-Hebei), Shanghai (Yangtze River Delta) and Guangdong-Hong Kong-Macao Greater Bay Area international science and technology innovation centers. We should strengthen the dominant position of enterprises in innovation and improve the intellectual property protection system in emerging areas. To formulate an action plan for expanding the capacity and improving the quality of the service industry. Implement a new round of high-quality development actions for key industrial chains. Deepen the expansion of "AI +" and improve AI governance. Innovative technology and financial services.
Third, we should persist in tackling key problems through reform and enhance the vitality of high-quality development. We will formulate unified national regulations on the construction of large markets and thoroughly rectify "involution" competition. We will formulate and implement plans to further deepen the reform of state-owned enterprises, and improve the supporting laws and policies for promoting the private economy. Step up efforts to clear up arrears of enterprise accounts. Promote the win-win development of platform enterprises, operators and workers in the platform. Expand the pilot reform of factor marketization. Improve the local tax system. We will further reduce the number of small and medium-sized financial institutions and improve their quality, and continue to deepen the comprehensive reform of capital market investment and financing.
Fourth, we should continue to open up to the outside world and promote win-win cooperation in various fields. We will steadily promote institutional opening, expand the autonomous opening of service sectors in an orderly manner, optimize the layout of free trade pilot zones, and firmly promote the construction of Hainan's free trade port. We will promote the integration of trade and investment and the integration of domestic and foreign trade. We should encourage and support the export of services and actively develop digital trade and green trade. Deepening the reform of foreign investment promotion system and mechanism. Improve the overseas comprehensive service system. Promote the high-quality development of "the Belt and Road". We will promote the signing of more regional and bilateral trade and investment agreements.
Fifth, we should adhere to coordinated development and promote urban-rural integration and regional linkage. We will comprehensively promote urbanization and rural revitalization with county towns as important carriers, and promote the high-quality development of county economy. Strictly abide by the red line of cultivated land, do a good job in grain production without relaxation, and promote the prices of grain and other important agricultural products to remain at a reasonable level. We will continue to consolidate and expand the achievements of poverty alleviation, incorporate normalized assistance into the overall implementation of the Rural Revitalization Strategy, and firmly guard against large-scale poverty. Support major economic provinces to take the lead. We should strengthen coordination and linkage among key urban agglomerations and deepen cooperation across administrative regions. We will strengthen the overall planning of major bays and promote the high-quality development of the marine economy.
Sixth, we should adhere to the "double carbon" approach and promote comprehensive green transformation. We will further promote energy conservation and carbon reduction in key industries. We will formulate a plan for building a strong energy country, speed up the construction of a new energy system, and expand the application of green electricity. We will strengthen the construction of the national carbon emissions trading market. We will carry out comprehensive solid waste control actions, fight in-depth battles to defend the blue sky, clear water and pure land, and strengthen the control of new pollutants. We will firmly push forward the "Three North" project and implement the integration and optimization of nature reserves. Strengthen the construction of meteorological monitoring, forecasting and early warning system, step up efforts to make up for the shortcomings of flood control, drainage and disaster relief infrastructure in the northern region, and improve the ability to cope with extreme weather.
Seventh, we should adhere to the principle of people's livelihood and strive to do more practical things for the people. We will implement actions to stabilize jobs, expand capacity and improve quality, stabilize the employment of key groups such as college graduates and migrant workers, and encourage and support flexible employees and new forms of employment to participate in employee insurance. We will promote the adjustment of the distribution and structure of educational resources, and increase the supply of general high school degrees and the enrollment of high-quality undergraduate students. Optimize the centralized procurement of drugs and deepen the reform of medical insurance payment methods. We will implement the project of expanding and upgrading rehabilitation care, implement the long-term care insurance system, and strengthen care and assistance for the disadvantaged groups. Advocate a positive concept of marriage and childbearing, and strive to stabilize the size of the newborn population. We should do a solid job in safety production, disaster prevention, mitigation and relief, and food and drug safety.
Eighth, we should stick to the bottom line and actively and steadily resolve risks in key areas. Efforts should be made to stabilize the real estate market, implement policies to control increment, reduce inventory and optimize supply according to the city, and encourage the purchase of commercial housing in stock to focus on affordable housing.We will deepen the reform of the housing provident fund system and promote the construction of "good houses" in an orderly manner. Speed up the construction of a new model of real estate development. Actively and orderly resolve the risk of local government debt, urge all localities to take the initiative to turn debt, and do not violate the rules to add new implicit debt. We should optimize debt restructuring and replacement methods, and take various measures to resolve the operational debt risks of local government financing platforms.
The meeting pointed out that we should consciously integrate our thoughts and actions into the Party Central Committee's scientific judgment of the situation, grasp the general trend of China's development and strengthen our confidence in future development. We should fully implement the overall requirements and policy orientation of next year's economic work, adhere to the positive and pragmatic goal orientation, focus on solving the existing difficulties, make greater breakthroughs in the effective improvement of quality, enhance the sense of gain of residents and enterprises, enhance the synergy effect of reform and policy, and promote the sustained improvement of economic operation and market expectations. We should grasp the key focus of next year's economic work in the overall situation, expand new space for domestic demand growth around strengthening the domestic cycle, promote the deep integration of scientific and technological innovation and industrial innovation around developing new quality productive forces, unswervingly deepen reform and expand opening up around stimulating the dynamic vitality of high-quality development, and increase efforts to safeguard and improve people's livelihood around continuously improving people's well-being; Focusing on keeping the bottom line of safety, we should do a good job in resolving risks in key areas.
The meeting emphasized that the Party's overall leadership over economic work should be strengthened to form a unified will and a strong joint force. We should adhere to the centralized and unified leadership of the Party Central Committee, and all regions and departments should fully implement the Party Central Committee's ideas, tasks and policies for next year's economic work in light of actual conditions and local conditions. We should establish and practice the correct view of political achievement, persist in making achievements for the people, make achievements through practical work, consciously act in accordance with the law, and improve the differential assessment and evaluation system. In accordance with the Recommendations of the Fourth Plenary Session of the Twentieth Central Committee of the Communist Party of China, the national and local "Fifteenth Five-Year Plan" and special plans should be formulated to promote high-quality and sustainable development. We should create a good political environment, talent environment, business environment and public opinion environment, strengthen policy publicity and interpretation, and fully stimulate the positive energy of society.
The meeting demanded that we should do a good job in guaranteeing the supply of important commodities for people's livelihood at the end of the year and the beginning of the year, care about the production and life of the people in need, and resolutely prevent and curb the occurrence of major accidents.
The meeting called on the whole Party and society to unite more closely around the Party Central Committee with Comrade Xi Jinping as its core, to move forward with one heart and one mind, to strive to achieve next year's economic and social development goals and tasks, and to ensure a good start of the 15th Five-Year Plan. Members of the Political Bureau of
the CPC Central Committee, members of the Secretariat of the CPC Central Committee, Vice-Chairmen of the Central Military Commission, relevant leading comrades of the Standing Committee of the National People's Congress, State Councilors, President of the Supreme People's Court, Procurator-General of the Supreme People's Procuratorate, relevant leading comrades of the CPPCC National Committee and members of the Central Military Commission attended the meeting. The main responsible comrades of the Party and government of all
provinces, autonomous regions, municipalities directly under the Central Government, cities with separate plans and Sinkiang Production and Construction Corps, the relevant departments of the central and state organs, the relevant people's organizations, some financial institutions and enterprises under the central administration, and the main responsible comrades of various departments of the Central Military Commission organs attended the meeting.
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