State Council stresses ‘six priorities’

Facing “unprecedented challenges this year”, the government needs to ensure its “six priorities” are met, the State Council was told at an executive meeting held on Wednesday.

The six priorities are safeguarding employment, people’s livelihoods, the development of market entities, food and energy security, the stable operation of industrial and supply chains and the smooth functioning of society.

The meeting was told priorities were set to tackle outstanding risks, and the government shoulders great responsibility in that regard, a statement issued by the State Council said.

The government must carry out the priorities to stabilize employment, the financial sector, foreign trade, foreign and domestic investment and expectations, the meeting was told.

The priorities are the bottom lines for stable economic fundamentals, and by sticking to those parameters, the country will gain time to tackle the challenges and strengthen the foundation for a moderately prosperous society in an all-around way, it was told.

As a result, the government should step up macroeconomic regulation, give full play to the synergy of fiscal, monetary, social security and employment policies and adopt more targeted regulatory measures.

It should strengthen reform and opening-up, respect innovation at the grassroots level and do more to improve basic systems to stimulate more vitality in market entities and more innovation in society.

The meeting was also told that efforts should be made to further opening-up to stabilize the supply chain and increase the economy’s resilience and potential.