In a pivotal mid-year gathering, the Political Bureau of the Communist Party of China Central Committee mapped out its economic priorities for the remainder of the year, emphasizing strategic focus amid mounting challenges.
Recovery Trajectory Amid Ongoing Risks
The Chinese mainland's economy remains on a recovery path but faces a number of risks and challenges. CPC leaders called for enhanced risk awareness, seizing development opportunities, and consolidating positive economic momentum.
Preparations for the 15th Five-Year Plan (2026–2030) have begun, with broad participation encouraged to set strategic goals for the next phase of modernization.
Proactive and Flexible Macro Policies
Leaders agreed on intensifying macroeconomic support with targeted fiscal measures and a moderately loose monetary policy to ensure ample liquidity and lower financing costs. Structural tools will support innovation, consumption, foreign trade, and small businesses, while major provinces are urged to spearhead growth.
Igniting Domestic Demand and Livelihoods
Boosting consumer spending and rolling out initiatives across goods and services are key to improving everyday lives. Employment support for college graduates, veterans, and migrant workers will be strengthened, alongside rural development, food security, and energy supply efforts.
Reform, Innovation and Market Vitality
Technological innovation remains a top engine, with a focus on emerging pillar industries, market-based competition, and building a unified national market. Leaders stressed the importance of governing disorderly competition and advancing capacity management in key sectors.
High-Level Opening Up and Risk Guards
The leadership reaffirmed commitments to high-standard opening up by refining export rebate policies and developing pilot free trade zones. Containing financial and local government debt risks was highlighted, with plans to enhance the appeal and inclusiveness of domestic capital markets.
As the Chinese mainland navigates a complex global landscape, this meeting's roadmap highlights a blend of policy agility, innovation, and international engagement to sustain recovery in the second half of the year.
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Key takeaways from CPC leadership's meeting on economic work
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