The Communist Party of China (CPC) leadership convened on Tuesday to analyze the nation’s current economic landscape and set strategic priorities for the second half of 2024. The meeting, presided over by Xi Jinping, general secretary of the CPC Central Committee, underscored the country’s commitment to maintaining economic stability and pursuing progress amid global uncertainties.
Since the beginning of the year, China has witnessed a generally stable economy with notable progress, according to an official statement released after the meeting. The momentum of economic recovery has been sustained, and efforts have accelerated to foster new growth drivers and build competitive edges.
However, the statement acknowledged that China faces increased adverse impacts from changes in the external environment. “Effective domestic demand remains insufficient,” the statement noted, highlighting challenges such as various risks and potential dangers in major sectors, and the complexities arising from the transition to new growth drivers.
Despite these challenges, the CPC leadership emphasized that these are issues inherent in the course of development and transformation. The meeting called for heightened awareness of risks and thorough preparations to deal with worst-case scenarios. It also stressed the importance of maintaining strategic resolve and confidence in the country’s long-term development.
The leadership’s focus on proactive measures and strategic planning reflects China’s determination to navigate the complex global economic environment. By addressing both internal and external challenges head-on, the CPC aims to steer the economy toward sustainable growth and continued prosperity in the year ahead.
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CPC leadership sets out economic priorities for 2nd half of 2024
cgtn.com
