The Political Bureau of the Central Committee of the Communist Party of China held a meeting on July 31 to analyze and study the current economic situation, and to deploy economic work and other issues in the second half of the year. Xi Jinping, general secretary of the CPC Central Committee, chaired the meeting.

The meeting pointed out that the current economic operation is stable and changing, facing some new problems and challenges, and the external environment has undergone significant changes. We must seize the major contradictions and take targeted measures to resolve them. In the second half of the year, we must maintain stability in the overall economic and social situation, further advance supply-side structural reforms, fight for the "three major offensives", accelerate the construction of a modern economic system, and promote high-quality development. We must adhere to the general keynote of steady progress, keep the economic operation in a reasonable range, strengthen overall coordination and coordination, form a policy synergy, implement precise policies, and work meticulously.

The meeting requested, first, to maintain stable and healthy economic development, adhere to the implementation of a proactive fiscal policy and a sound monetary policy, and improve the forward-looking, flexible, and effective policies. Fiscal policy should play a greater role in expanding domestic demand and restructuring. It is necessary to maintain a good gate of money supply and maintain reasonable and sufficient liquidity. We must do a good job of stabilizing employment, financial stability, foreign trade, foreign investment, investment and expectations. Protect the legitimate rights and interests of foreign-invested enterprises in China. Second, make up for shortcomings as the current priority task of deepening supply-side structural reforms, increase efforts to make up for shortcomings in the infrastructure sector, enhance innovation, develop new kinetic energy, open up the institutional barriers to de-capacity, and reduce corporate costs. It is necessary to implement the strategy of village rejuvenation. Third, we must better prevent and resolve financial risks and serve the real economy. We must do a good job in deleveraging, grasp the intensity and pace, and coordinate the timing of various policies. It is necessary to improve the ability and willingness of financial services to serve the real economy through mechanism innovation. Fourth, we will promote reform and opening up and continue to study and launch a number of major reform measures that are effective. It is necessary to implement major measures to expand opening up and greatly relax market access, promote the joint development of the “Belt and Road” initiative, and carefully manage the first China International Import Expo. Fifth, resolve to solve the real estate market problem, adhere to the policy of the city, promote the balance of supply and demand, reasonably guide expectations, regulate market order, and resolutely curb the rise in house prices. Accelerate the establishment of a long-term mechanism to promote the stable and healthy development of the real estate market. Sixth, do a good job in people's livelihood security and social stability, put stable employment in a more prominent position, ensure basic livelihood expenditures such as wages, education, social security, strengthen poverty alleviation in deep poverty areas, and do a good job in deepening social stability.

The meeting emphasized that all regions and departments must earnestly strengthen the "four consciousnesses", strengthen the "four self-confidences", and unswervingly implement the strategic deployment made by the 19th National Congress of the Communist Party of China. Objectives and tasks of economic and social development. (Xinhua News Agency)