China's top leadership discusses economic strategy

By Park Sae-jin Posted : September 27, 2024, 09:44 Updated : September 27, 2024, 09:44
Chinese President Xi Jinping attends the expanded meeting of the Shanghai Cooperation Organization in Astana Kazakhstan on July 4 2024 Xinhua-Yonhap
Chinese President Xi Jinping attends the expanded meeting of the Shanghai Cooperation Organization in Astana, Kazakhstan on July 4, 2024. Xinhua-Yonhap
SEOUL, September 27 (AJP) - Chinese President Xi Jinping chaired on Thursday a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee to evaluate China's economic landscape and outline upcoming economic initiatives, as reported by Xinhua News Agency.

The meeting acknowledged China's economic fundamentals, including its vast market, resilience, and potential, remain strong. It stressed the importance of maintaining a balanced, objective perspective on the current economic climate while addressing challenges head-on and retaining confidence.

This gathering follows China's recent implementation of various economic stimulus measures. It reaffirms the nation's commitment to achieving its annual growth targets, bolstering confidence in China's economic direction and reinforcing policy effectiveness, according to economists.

The leadership noted that China's economy has maintained overall stability this year, balancing progress with consistency. They highlighted steady advancements in new quality productive forces, concerted efforts to safeguard people's livelihoods, and positive strides in mitigating risks in key sectors.

The meeting emphasized the need to effectively execute existing policies, accelerate the introduction of new incremental measures, enhance policy precision and efficacy, and strive to meet this year's economic and social development objectives.
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