The meeting, chaired by Premier Li Keqiang and attended by top leaders including General Secretary Xi Jinping, Premier Wen Jiabao, and other members of the Standing Committee of the Political Bureau of the CPC Central Committee, emphasized the importance of maintaining steady economic growth while addressing long-term structural challenges. In his speech, President Xi analyzed both domestic and international economic conditions, highlighting the need for a more sustainable and innovation-driven development model. Premier Wen provided an overview of this year’s achievements and outlined key priorities for next year's economic strategy.
The meeting recognized that China is at a new stage in its development, with significant opportunities but also considerable risks. While the fundamental strength of the economy remains strong, challenges such as overcapacity, rising production costs, and financial risks persist. The global economic environment is expected to remain uncertain, with slow growth and increasing protectionism posing additional hurdles.
To navigate these challenges, the meeting called for a focus on expanding domestic demand, enhancing technological innovation, and accelerating the transformation of the economic development model. It stressed the importance of deepening reforms, improving macroeconomic regulation, and ensuring social stability. Key areas of emphasis included strengthening agriculture, adjusting industrial structures, promoting urbanization with quality, and improving people’s livelihoods.
The meeting also highlighted the need to continue implementing proactive fiscal and monetary policies, support small and micro enterprises, and ensure affordable housing and social security for all. It urged the government to maintain a balanced approach, combining stability with progress, and to make full use of new opportunities arising from domestic demand and innovation.
As the first year following the 18th National Congress of the Communist Party of China, the coming year is seen as critical for achieving the goals of the 12th Five-Year Plan and laying the foundation for a moderately prosperous society. The leadership reaffirmed its commitment to sustained, healthy, and harmonious development, emphasizing the need for continuous reform, openness, and people-centered policies.
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