"Seeking Truth" magazine published General Secretary Xi Jinping's important article "Several Major Issues in Current Economic Work"

The fourth issue of "Seeking Truth" published on February 16 published part of the important speech of Xi Jinping, General Secretary of the CPC Central Committee, President of the State, and Chairman of the Central Military Commission at the Central Economic Work Conference on December 15, 2022, "Several Major Issues in Current Economic Work".
The article emphasizes that the economic work in 2023 is complicated, and it is necessary to proceed from the overall strategic situation, grasp the main contradictions, start with improving social psychological expectations, boost development confidence, grasp the major key links, and do a good job.
The article points out that efforts should be made to expand domestic demand. The shortage of aggregate demand is a prominent contradiction in the current economic operation. We must vigorously implement the strategy of expanding domestic demand and take more effective measures to realize a virtuous circle of social reproduction. It is necessary to optimize policy initiatives and give full play to the basic role of consumption and the key role of investment. The first is to give priority to the restoration and expansion of consumption. Second, through government investment and policy incentives to effectively drive investment in the whole society. We should continue to give full play to the supporting role of exports in the economy and speed up the construction of a trade power.
The article points out that it is necessary to accelerate the construction of a modern industrial system. We must practice our internal skills and stand firm. my country has the world's most complete industrial system and the largest potential domestic demand market. It is necessary to effectively improve the resilience and safety level of the industrial chain supply chain, and pay close attention to making up for shortcomings and forging long boards. One is to ensure the smooth circulation of the national economy. China's economy must ensure national security, ensure basic people's livelihood, and ensure the normal operation of infrastructure and basic industries as a whole. The second is to accelerate the upgrading and development of the industrial system. It is necessary to lay out in advance in key areas and comprehensively improve the modernization level of the industrial system, so as to consolidate the leading position of traditional advantageous industries and create new competitive advantages.
The article pointed out that it is necessary to earnestly implement the "two unwavering". We must have a clear attitude, be unambiguous, always adhere to the direction of socialist market economic reform, and adhere to the "two unwavering". The first is to deepen the reform of state-owned enterprises and improve the core competitiveness of state-owned enterprises. The second is to optimize the development environment of private enterprises and promote the development and growth of the private economy.
The article points out that greater efforts should be made to attract and utilize foreign capital. Throughout the world, both developed countries and emerging economies regard attracting and utilizing foreign investment as a major national policy, and the international competition for attracting investment has become more intense. To promote a high level of opening up to the outside world, relying on China's ultra-large-scale market advantages, to attract global resource elements with a large domestic cycle, not only to retain high-quality stock of foreign investment, but also to attract more high-quality foreign investment, improve the quality and level of trade and investment cooperation. One is to expand market access. The second is to comprehensively optimize the business environment. The third is to do a good job of serving foreign-funded enterprises in a targeted manner.
The article points out that it is necessary to effectively prevent and resolve major economic and financial risks. We must adhere to both the symptoms and the root causes, the combination of far and near, and firmly hold the bottom line of no systemic risk. One is to prevent the real estate industry from causing systemic risks. The second is to prevent and resolve financial risks. Third, to prevent and resolve the risk of local government debt.
The article emphasizes that there is still a lot of important work to be done in 2023. We should comprehensively promote rural revitalization and resolutely prevent large-scale return to poverty. Plan a new round of comprehensive deepening reform. Promote the high-quality development of the Belt and Road. Deeply implement major regional strategies and regional coordinated development strategies. Promote the green transformation of economic and social development and build a beautiful China.

Source: Xinhua News Agency