On September 26, the Political Bureau of the Communist Party of China (CPC) Central Committee, led by General Secretary Xi Jinping, convened to discuss the nation's economic trajectory. Amid global economic challenges such as inflation, supply chain disruptions, and geopolitical tensions, China's ability to maintain a stable economic performance while advancing social progress stands out.
This year's economic landscape in China has demonstrated remarkable resilience. The CPC emphasized that the fundamentals of the Chinese economy— a vast market, significant economic resilience, and immense potential—remain robust, providing a strong foundation for continued growth.
At the heart of the meeting was a dual strategy: progressing forward while ensuring stability. This approach enables China to navigate immediate economic challenges and lay the groundwork for sustainable long-term development, a crucial stance as many countries face economic slowdowns and uncertainties.
Innovation emerged as a key theme, with a focus on developing new quality productive forces. By investing in advanced technologies, green energy, and digital infrastructure, China is strategically positioning itself to enhance productivity and prepare for future economic challenges.
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'Specific and effective' encapsulate China's current economic policies
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