The annual Central Economic Work Conference was held in Beijing from Thursday to Friday as Chinese leaders mapped out priorities for the economic work in 2023.
In a speech at the conference, Xi Jinping, general secretary of the Communist Party of China Central Committee, Chinese president and chairman of the Central Military Commission, reviewed the country's economic work in 2022, analyzed the current economic situation and arranged next year's economic work.
Chinese Premier Li Keqiang made specific arrangements for next year's economic work. Li Qiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, delivered a concluding speech.
The meeting was also attended by Zhao Leji, Wang Huning, Han Zheng, Cai Qi, Ding Xuexiang and Li Xi.
The conference described 2022 as an extremely important year in the history of the Party and the country. During the year, the 20th CPC National Congress was successfully convened, drawing up a grand blueprint for comprehensively building China into a modern socialist country.
The central leadership has led the nation in coordinating domestic and international situations, epidemic response and social-economic development, as well as development and security. Macro-control has been intensified and the overall economic and social stability has been maintained.
Looking forward, the conference called for seeking progress while maintaining stability in 2023, and continued implementation of proactive fiscal policy and prudent monetary policy. Efforts will be made to coordinate different policies so as to form synergy for high-quality development.
The proactive fiscal policy should be intensified for its effectiveness, and the necessary intensity of government spending will be maintained to ensure that public finances are sustainable and local government debt risks are under control while effectively supporting high-quality development.
The prudent monetary policy should be targeted and effective. The country will maintain reasonable and sufficient liquidity and guide financial institutions to increase support for small and micro businesses, scientific and technological innovation, and green development.
The conference emphasized the need to expand domestic demand and give full play to the fundamental role of consumption and the key role of investment.
The country will continue to speed up modernizing the industrial system.
Actions will be taken to unswervingly consolidate and develop the public sector while encouraging, supporting and guiding the development of the non-public sector.
Work will be done to boost opening up at a higher level and to further attract and make good use of foreign investment.
The conference noted that effective approaches will be adopted to defuse major economic and financial hazards and guard against systemic risks.
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