China forges 2020 economic plan
BEIJING, China (Global Times) — The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting Friday to analyze and study the economic work for 2020 and make plans for improving conduct and building integrity as well as fighting corruption.
Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting.
Facing the complicated situation of rising risks and challenges both at home and abroad this year, China has maintained sustained and sound economic and social development, said the meeting.
Major steps have been taken in reform and opening-up with deepened supply-side structural reform, and breakthroughs have been made in scientific and technological innovation, the meeting noted.
“The year 2020 will be the year to finish building a moderately prosperous society in all respects, and it is also the final year for the 13th Five-Year Plan. China shall achieve its first centenary goal,” said the meeting.
It called for taking Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as a guide and working hard to ensure the tasks are well completed.
“The basic trend of steady long-term growth for China’s economy remains unchanged at present and for a period to come,” the meeting said, stressing transforming external pressure into motivation for deepening reform and furthering opening-up, and focusing on running China’s own affairs well.
Stressing the policy framework of keeping macroeconomic policies stable and microeconomic policies flexible, and ensuring social policies cover people’s basic needs and welfare of the disadvantaged, the meeting underscored preemptive, targeted and effective macroeconomic control and adoption of countercyclical adjustment tools.
The year 2020 will be the year to finish building a moderately prosperous society in all respects, and it is also the final year for the 13th Five-Year Plan. China shall achieve its first centenary goal.