BEIJING: The Politburo of the Communist Party of China (CPC) Central Committee held a meeting on Monday to analyze and study economic work for 2025 and organize Party conduct and anti-corruption work.
The meeting was chaired by Xi Jinping, general secretary of the CPC Central Committee.
This year is crucial for achieving the goals and tasks set in the 14th Five-Year Plan (2021-2025), and economic operation has been generally stable with the progress made. The country’s economic strength, scientific and technological capabilities and composite national strength continued to improve, according to the meeting.
The main goals and tasks of economic and social development in 2024 will be successfully accomplished, the statement said. To achieve healthy economic performance in 2025, more proactive and effective macroeconomic policies should be adopted.
He urged implementing a more proactive fiscal policy and a moderately accommodative monetary policy.
It is necessary to enrich and improve the policy toolbox, strengthen unconventional counter-cyclical adjustments, intensify the coordination of various policies, and make macroeconomic regulation more forward-looking, targeted and effective, the meeting noted.
The country is expected to vigorously boost consumption, improve investment efficiency and increase domestic demand on all fronts, the statement said.
The meeting focused on the promotion of new quality productive forces driven by scientific and technological innovation, the development of a modernized industrial system, the driving role of reform of the economic system and guaranteeing the implementation effective implementation of key reform measures.
The country should expand high-level opening-up and stabilize foreign trade and investment, as well as effectively prevent and defuse risks in key sectors to ensure that no systemic risks arise, according to the meeting.
It also calls for promoting the integrated development of urban and rural areas, advancing major regional development strategies, accelerating the green transition in all areas of economic and social development and increasing efforts to safeguard and improve the means of livelihood of the population.
The Party’s leadership in the economic field should be strengthened to ensure that the decisions and arrangements of the CPC Central Committee are faithfully carried out, the meeting said.
He also discussed plans to improve Party conduct and fight corruption.
Disciplinary inspection and monitoring bodies should maintain a firm stance against corruption, and regular monitoring and inspection should cover the implementation of major reforms, the document said.
Continuous efforts should be made to combat misconduct and corruption that directly affect people’s lives, and ensure that the general public will benefit better and more equitably from reform and development achievements, according to the meeting.
Before the meeting, Xi chaired a meeting of the Standing Committee of the Political Bureau of the CPC Central Committee, during which he heard a briefing on the work of the CPC Central Commission for Discipline Inspection (CCDI) and of the National Supervisory Commission in 2024.
It was decided that the fourth plenary session of the 20th CCDI would be held from January 6 to 8, 2025.
