Xi puts the focus on infrastructure
General secretary presides over key Party meeting on financial and economic affairs
Akey Party meeting on April 26 set the tone for comprehensively bolstering infrastructure construction nationwide, highlighting the significance of implementing such a policy in upholding national security, expanding domestic consumption and promoting the country’s highquality development.
The meeting of the Central Committee for Financial and Economic Affairs was presided over by Xi Jinping, who is president of China and general secretary of the Communist Party of China Central Committee. The meeting underlined the need to make coordinated efforts in ensuring both development and security, take into account worst-case scenarios, and strengthen the capacity for major risk forecasting and early warning.
At the meeting, a related commission and ministries under the State Council, China’s Cabinet, reported on efforts to comprehensively strengthen infrastructure construction, as well as on the implementation of decisions and policies made by the Central
Committee for Financial and Economic Affairs since the 19th National Congress of the CPC in 2017.
While presiding over the meeting, Xi, who is also the director of the Central Committee for Financial and Economic Affairs, said infrastructure is the mainstay of the country’s social and economic development.
He called for efforts to coordinate development and security, optimize the layout, function and development mode of the country’s infrastructure and build a modern infrastructure system in order to lay a solid foundation for comprehensively building China into a modern socialist country.
According to a statement issued after the meeting, participants affirmed the marked progress the country has made in the overall development of infrastructure as well as its achievements in major scientific and technological facilities, water conservancy projects, transportation hubs and information infrastructure over the past decade.
They pointed out that the nation’s existing infrastructure has yet to accommodate its development and security needs, and comprehensively boosting infrastructure construction is of great importance in fostering a dynamic domestic market and helping the domestic and international markets reinforce each other, the statement said.
While calling for the upgrading of traditional infrastructure facilities, the meeting’s participants stressed the need to step up construction of “new infrastructure”, including 5G networks, the industrial internet, intercity transportation and intracity rail systems, data centers, artificial intelligence, ultrahigh-voltage infrastructure, and new energy vehicle charging stations.
They also called for a forwardlooking approach to planning infrastructure projects that contributes to guiding industrial development and safeguarding national security.
Efforts should be made to improve transportation, energy and water conservancy infrastructure with an emphasis on strengthening them in order to improve the overall efficiency of these facilities, the meeting’s participants said.
While highlighting the need to upgrade the nation’s water transport network, the meeting’s participants called for developing intelligent power grids, speeding up the improvement of oil and gas pipelines, and strengthening facilities that contribute to the upgrading of the information, logistics, and scientific and technological sectors.