The Communist Party of China (CPC) leadership convened on Tuesday to evaluate the current economic landscape and establish priorities for the latter half of 2024.
Presided over by Xi Jinping, general secretary of the CPC Central Committee, the meeting highlighted the nation's economic stability and progress achieved since the beginning of the year.
According to an official statement released post-meeting, China has maintained momentum in economic recovery, accelerating efforts to cultivate new growth drivers and enhance competitive advantages.
Despite these advancements, the country faces increased challenges from shifts in the external environment and continues to grapple with insufficient domestic demand.
The CPC acknowledged various risks and potential threats across key sectors, alongside the complexities of transitioning from traditional to emerging growth drivers. These challenges are viewed as inherent aspects of the country's ongoing development and transformation.
In response, the leadership emphasized the importance of heightened risk awareness, preparedness for worst-case scenarios, and unwavering strategic resolve and confidence in China's development trajectory.
Reference(s):
CPC leadership sets out economic priorities for 2nd half of 2024
cgtn.com
