Central Economic Work Conference Held In Beijing

The central economic work conference was held in Beijing from December 19 to 21. Xi Jinping, general secretary of the CPC Central Committee, President of the state and chairman of the Central Military Commission; Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council; Li Zhanshu, Wang Yang, Wang Huning, Zhao Leji and Han Zheng, members of the Standing Committee of the Political Bureau of the CPC Central Committee, attended the meeting.

Xi Jinping delivered an important speech at the meeting, summarizing the economic work in 2018, analyzing the current economic situation and deploying the economic work in 2019. In his speech, Li Keqiang made specific arrangements for next year's economic work and made a summary speech.

The meeting held that this year is the first year to comprehensively implement the spirit of the 19th CPC National Congress. Under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as the core, the whole Party and the whole country have implemented the strategic deployment made by the 19th National Congress of the Communist Party of China, adhered to the general keynote of seeking progress while maintaining stability, effectively responded to profound changes in the external environment in accordance with the requirements of high-quality development, met difficulties and made solid work, completed the macro-control goals well, made a good start in the three major battles, and pushed forward the supply side structural reform In addition, the reform and opening-up efforts have been intensified, the economic and trade frictions between China and the United States have been dealt with prudently, people's living standards have been continuously improved, sustained and healthy economic development and social stability have been maintained, and new steps have been taken towards the goal of building a moderately prosperous society in all respects. The results are hard won.

The meeting pointed out that in the past year, we have deepened our understanding of the regularity of economic work under the new situation in practice: we must adhere to the centralized and unified leadership of the Party Central Committee and give full play to the role of steering and piloting; we must understand the current situation from the long-term general situation and recognize the long-term prospects for China's good development; we must accurately grasp the degree of macro-control, take the initiative to pre adjust and fine-tuning, and strengthen policy coordination We must respond to social concerns in a timely manner, guide market expectations in a targeted way, and fully mobilize the enthusiasm of all parties to form a strong joint force in the overall work.

The meeting stressed that while fully affirming the achievements, we should see that there are changes and worries in the stable operation of the economy, the external environment is complex and severe, and the economy is facing downward pressure. These problems are in the process of progress, ranging from short-term to long-term, cyclical and structural. We should enhance our sense of hardship, grasp the main contradictions and solve them in a targeted way.

The meeting pointed out that China's development is still in and will be in an important period of strategic opportunities for a long time. The world is facing a great change that has not happened in a hundred years. In the changing situation, danger and opportunity coexist, which brings great opportunities to the great rejuvenation of the Chinese nation. We should be good at turning crisis into opportunity and turning crisis into safety, keep close to the new connotation of important strategic opportunities, speed up the optimization and upgrading of economic structure, enhance the ability of scientific and technological innovation, deepen reform and opening up, accelerate green development, participate in the reform of the global economic governance system, and change the pressure into the driving force for accelerating the high-quality economic development.

The meeting stressed that next year is the 70th anniversary of the founding of new China and a key year for building a moderately prosperous society in an all-round way. Under the guidance of Xi Jinping's Thought on socialism with Chinese characteristics for a new era, we should fully implement the spirit of the 19th National Congress of the CPC and the second and third plenary sessions of the 19th CPC Central Committee, comprehensively promote the overall layout of "five in one", coordinate and promote the strategic layout of "four comprehensives", adhere to the general principle of seeking progress in stability, adhere to the new development concept, adhere to the promotion of high-quality development, and adhere to the supply side structural reform As the main line, we should persist in deepening market-oriented reform, expanding high-level opening-up, speeding up the construction of a modern economic system, continue to fight the three major battles, focus on stimulating the vitality of micro entities, innovate and improve macro-control, comprehensively promote the work of stabilizing growth, promoting reform, adjusting structure, benefiting people's livelihood, and preventing risks, so as to maintain the economic operation in a reasonable range, and further stabilize employment, finance and external stability Trade, foreign investment, investment and expectations should be stabilized to boost market confidence, enhance people's sense of gain, happiness and security, maintain sustained and healthy economic development and social stability, lay a decisive foundation for building a moderately prosperous society in an all-round way, and celebrate the 70th anniversary of the founding of the people's Republic of China with outstanding achievements.

The meeting pointed out that macro policy should strengthen counter cyclical adjustment, continue to implement positive fiscal policy and stable monetary policy, timely adjust and fine tune, stabilize aggregate demand; active fiscal policy should enhance efficiency, implement larger scale tax reduction and fee reduction, and greatly increase the scale of local government special bonds; stable monetary policy should be moderately tight and maintain reasonable liquidity We should improve the transmission mechanism of monetary policy, increase the proportion of direct financing, and solve the problem of difficult and expensive financing for private enterprises and small and micro enterprises. Structural policies should strengthen the construction of systems and mechanisms, adhere to the drive of reform, deepen the reform of state-owned enterprises, finance, taxation, land, market access, social management and other fields, strengthen the basic position of competition policy, create an institutional environment of fair competition, and encourage small and medium-sized enterprises to accelerate their growth. The social policy should strengthen the function of providing social security, implement the policy of giving priority to employment, ensure the bottom line of people's basic life, and integrate management into service.

The meeting held that the main contradiction in China's economic operation is still the supply side structural one. We must unswervingly adhere to the supply side structural reform as the main line, adopt more reform methods, use more market-oriented and legal means, and make efforts on the eight words "consolidation, enhancement, promotion and smooth flow". It is necessary to consolidate the achievements of "three deletions, one reduction and one subsidy", accelerate the clearance of more industries with excess capacity, reduce various business costs of the whole society, and increase efforts to make up for weaknesses in infrastructure and other fields. We should enhance the vitality of micro entities, give full play to the initiative of enterprises and entrepreneurs, establish fair, open and transparent market rules and a legal business environment, promote positive incentives and the survival of the fittest, and develop more high-quality enterprises. We should improve the level of industrial chain, pay attention to the use of technological innovation and scale effect to form new competitive advantages, and cultivate and develop new industrial clusters. It is necessary to smooth the circulation of the national economy, accelerate the construction of a unified and open modern market system with orderly competition, improve the ability of the financial system to serve the real economy, and form a virtuous circle of domestic market and production entities, economic growth and employment expansion, and finance and the real economy.

The meeting pointed out that this year's three major battles were successful in the first battle, and next year we should focus on the outstanding problems and do a good job in key campaigns. To fight the battle of preventing and resolving major risks, we should adhere to the basic idea of structural deleveraging, guard against abnormal fluctuations and resonance in the financial market, and handle the debt risk of local governments in a stable, controllable, orderly and moderate manner. In order to fight the battle of poverty alleviation, we should work hard to solve the outstanding problems faced by the realization of "two no worries and Three Guarantees", increase the efforts of poverty alleviation in deep poverty-stricken areas such as "three districts and three prefectures" and special poverty-stricken groups, reduce and prevent the poverty-stricken population from returning to poverty, and study and solve the new problems such as the lack of policy support for those groups whose income level is slightly higher than that of filing and filing poverty-stricken households. To fight the battle of pollution prevention and control, we should stick to the position, consolidate the achievements, focus on winning the blue sky defense, increase the work and investment, and at the same time, we should make overall plans to avoid simple and crude disposal measures. To enhance service awareness, help enterprises develop environmental governance solutions.

It was determined at the meeting that the following key tasks should be done well next year.

One is to promote the high-quality development of the manufacturing industry. We should promote the deep integration of advanced manufacturing industry and modern service industry, and unswervingly build a manufacturing power. We should steadily promote the survival of the fittest, accelerate the disposal of "zombie enterprises", formulate exit implementation measures, and promote the formation and development of new technologies, new organizational forms and new industrial clusters. It is necessary to enhance the technological innovation ability of manufacturing industry, build an open, collaborative and efficient common technology research and development platform, improve the demand-oriented and enterprise oriented integrated innovation mechanism of industry, University and research, pay close attention to the layout of national laboratories, restructure the system of state key laboratories, increase the support for innovation of small and medium-sized enterprises, strengthen the protection and application of intellectual property rights, and form an effective incentive mechanism for innovation System.

Second, promote the formation of a strong domestic market. China's market scale ranks first in the world, with greater potential in the future. We should strive to meet the final demand, improve the quality of products, accelerate the development of education, child care, pension, medical care, culture, tourism and other service industries, improve the consumption environment, implement the special additional deduction policy of personal income tax, and enhance the consumption ability, so that the people can eat at ease, dress well and use comfortably. At the present stage of China's development, there is still a huge potential for investment demand. We should play a key role in investment, increase technological transformation and equipment update of manufacturing industry, speed up the pace of 5g business, strengthen the construction of new infrastructure such as artificial intelligence, industrial Internet and Internet of things, increase investment in intercity transportation, logistics and municipal infrastructure, and make up for the construction of rural infrastructure and public service facilities We should strengthen the capacity building of natural disaster prevention and control.

The third is to promote the strategy of Rural Revitalization. We should give priority to the development of agriculture and rural areas, do a good job in agriculture, especially grain production, promote the implementation of grain storage in the land and technology, rationally adjust the structure of "grain economy and feed", and strive to increase the supply of high-quality green agricultural products. We should pay attention to the cultivation of new business entities such as family farms and farmers' cooperatives, pay attention to solving the difficulties faced by small farmers in production and operation, and introduce them into the pattern of modern agricultural development. To improve the rural living environment, we should focus on garbage and sewage treatment, toilet revolution, and the improvement of village appearance. We should sum up the experience of the three pilot projects of rural land system reform, consolidate the achievements of the reform, and continue to deepen the reform of the rural land system.

Fourth, promote coordinated regional development. We should make overall plans to promote the development of the west, the overall revitalization of the northeast, the rise of the central region and the leading development of the East. At present, the development of Beijing, Tianjin, Hebei, Guangdong, Hong Kong and Macao Bay area, Yangtze River Delta and other regions show many new characteristics. Economies of scale effect is beginning to appear, infrastructure density and network degree are comprehensively improved, innovation factors are rapidly gathered, and new leading industries are developing rapidly. These areas should be promoted to become important power sources leading to high-quality development. It is necessary to enhance the power of the radiation belt of central cities and form an important driving force for high-quality development. We should promote the development of the Yangtze River economic belt, implement the systematic protection and restoration of the Yangtze River ecological environment, and strive to promote high-quality development. We should promote the development of urbanization, do a good job in settling down the agricultural transfer population who are already employed in cities and towns, urge the implementation of the goal of 100 million people to settle down in 2020, and improve the fine management level of big cities.

Fifth, we should accelerate the reform of the economic system. We should deepen the reform of the nature of "four beams and eight pillars", focus on enhancing the vitality of micro subjects, and promote the relevant reform to go deep and solid. We should speed up the reform of state-owned assets and state-owned enterprises, adhere to the principles of separation of government and enterprise, separation of government and capital, and fair competition, be stronger and better, be a big country with capital, accelerate the transformation from enterprise management to capital management, reorganize and establish a number of state-owned capital investment companies, set up a number of state-owned capital operation companies, actively promote the mixed ownership reform, and accelerate the joint-stock reform of China Railway Corporation. We should support the development of private enterprises, create a legal system environment, and protect the personal safety and property safety of private enterprises. We should focus on the structural adjustment and optimization of the financial system, deepen the reform of the financial system, develop private banks and community banks, and gradually return the business of urban commercial banks, rural commercial banks and rural credit cooperatives. We should improve the financial infrastructure and strengthen the ability of supervision and service. The capital market plays an important role in the financial operation. Through deepening the reform, we should create a standardized, transparent, open, dynamic and resilient capital market, improve the quality of listed companies, improve the trading system, guide more medium and long-term capital to enter, and promote the establishment of the science and technology innovation board in Shanghai Stock Exchange and the pilot registration system to be implemented as soon as possible. We should promote the reform of the fiscal and taxation system, improve the local tax system, and standardize the government's debt financing mechanism. It is necessary to effectively transform the functions of the government, substantially reduce the direct allocation of resources by the government, and strengthen supervision during and after the event. If the market can adjust itself, let the market regulate it, and let the enterprise do what the enterprise can do.

Sixth, promote all-round opening up. It is necessary to adapt to the new situation and grasp the new characteristics, and promote the transformation from the flow type of commodity and factor to the rule-based opening-up. It is necessary to relax market access, fully implement the pre admission national treatment plus negative list management system, protect the legitimate rights and interests of foreign investors in China, especially intellectual property rights, and allow more fields to implement sole proprietorship. We should expand import and export trade, diversify export markets, and reduce institutional costs in import links. We should promote the co construction of the "belt and road initiative", give full play to the role of enterprises and effectively control various risks. We should carefully hold the second belt and Road International Cooperation Summit Forum. We should promote the construction of a community with a shared future for mankind, actively participate in WTO reform, and promote trade and investment liberalization and facilitation. We should implement the consensus reached at the first meeting between Argentina and the US dollar and promote Sino US economic and trade consultations.

The seventh is to strengthen the protection and improvement of people's livelihood. We should improve the system, keep the bottom line, and do a good job of people's livelihood. We should put stable employment in a prominent position and focus on solving the employment problems of college graduates, migrant workers, ex servicemen and other groups. We should increase investment in pre-school education, early development of children in poor rural areas and vocational education. It is necessary to improve the old-age care system and strive to solve the problem of providing for the aged in big cities. Greater efforts should be made to ensure food and drug safety, production safety and traffic safety. We should deepen the reform of the social security system, promote the overall planning of endowment insurance across the country on the basis of speeding up the overall planning at the provincial level, and include more good medicines for saving lives and emergencies into medical insurance. We should continue to transfer part of the state-owned capital to replenish the social security fund. It is necessary to build a long-term mechanism for the healthy development of the real estate market, adhere to the positioning that the house is for living, not for speculation, implement policies and classified guidance in the city, consolidate the main responsibility of the city government, and improve the housing market system and housing security system.

The meeting stressed that China's development has enough toughness and huge potential, and the long-term economic growth will not change. We should comprehensively and correctly grasp the orientation of macro policy, structural policy and social policy to ensure that the economic operation is within a reasonable range. It is necessary to implement a positive fiscal policy and a prudent monetary policy, implement the employment priority policy, promote a larger scale of tax reduction and more obvious reduction of fees, so as to effectively alleviate the problem of financing difficulties and high financing costs of enterprises. Efforts should be made to optimize the business environment, deepen the reform of "release, control and service", and promote the development of new driving forces. We should implement the innovation driven development strategy, comprehensively improve the innovation ability and efficiency, and improve the level of mass entrepreneurship and innovation. We should aim at the hard task of building a moderately prosperous society in an all-round way, and promote poverty alleviation and Rural Revitalization. We should continuously release the potential of domestic demand and promote coordinated regional development. We should deepen the reform of finance, taxation, finance, state-owned enterprises and other key areas, resolutely break down barriers to the development of private enterprises, and enhance the endogenous driving force for development. We should promote opening up to the outside world at a higher level and strive to stabilize foreign trade and foreign investment. We should work together to promote economic development and environmental protection, and strengthen pollution prevention and ecological construction. It is necessary to highlight the basic guarantee and the bottom line, so as to better guarantee and improve people's livelihood.

The meeting called for strengthening the centralized and unified leadership of the Party Central Committee, improving the ability and level of the party's leading economic work, adhering to the party's basic theory, basic line and basic strategy, taking development as the party's first priority in governing and rejuvenating the country, adhering to economic construction as the center, encouraging cadres to take responsibility, encouraging creative implementation and strengthening learning Study and research, find ideas and ways in learning and practice, and create a good public opinion environment.

The meeting called on the whole Party and the whole country to unite closely around the Party Central Committee with Comrade Xi Jinping as the core, work together to meet difficulties, and greet the 70th anniversary of the founding of the people's Republic of China with outstanding achievements in economic and social development!

Members of the Political Bureau and Secretariat of the CPC Central Committee, relevant leading comrades of the Standing Committee of the National People's Congress, State Councilors, President of the Supreme People's court, procurator general of the Supreme People's Procuratorate, relevant leading comrades of the CPPCC National Committee and members of the Central Military Commission attended the meeting.

The meeting was attended by the principal party and government leaders of all provinces, autonomous regions, municipalities directly under the central government, cities specifically designated in the state plan, Xinjiang production and Construction Corps, relevant departments of the central government and state organs, some enterprises and financial institutions managed by the central government, and relevant persons in charge of the armed forces attended the meeting.