The Politburo of the Communist Party of China Central Committee held a meeting on Tuesday to analyse the current economic situation and economic policy. The meeting was chaired by Xi Jinping, General Secretary of the CPC Central Committee.

It was said at the meeting that the Chinese economy had entered this year in good shape, with key indicators exceeding expectations and confirming its resilience and dynamism.

At the same time, however, the economy faces a number of difficulties and challenges and the foundations for a long-term recovery need to be further strengthened. Management therefore called for intensified efforts and more concrete economic policy measures.

According to the conclusions of the meeting, it is necessary to strengthen self-sufficiency in science and technology and to build industrial chains that are independent and resilient to risks.

China should pursue a more active fiscal policy and an appropriately loose monetary policy in a targeted and effective manner. The emphasis should be on expanding domestic demand and optimising supply.

The aim is to strengthen the domestic economy and improve the linkages between domestic and international economic flows to make the 15th Five-Year Plan period (2026-2030) a successful start.

The meeting stressed the need to make full use of macroeconomic instruments, optimise the structure of public spending and ensure that monetary policy is more flexible, predictable and better targeted.

Strengthening domestic demand is also an important task, for example by expanding the supply of quality products and services that will support the modernisation of consumption.

China plans to accelerate the construction of key infrastructure, including water networks, modern power systems, computing infrastructure, next-generation communications networks, urban underground systems and logistics networks, and to launch major projects where conditions are right.

The meeting also stressed the need to build a modern industrial system, with the manufacturing sector retaining a significant share of the economy. It also called for strengthening the single national market and tackling inefficient competition.

China intends to fully develop the „AI plus“ initiative, promote new forms of smart economy and improve the governance of artificial intelligence.

At the same time, it is necessary to systematically address external shocks and challenges, strengthen energy and resource security and respond to uncertainties with stable and quality development.

Emphasis was also placed on preventing and addressing risks in key areas, stabilising the property market, gradually tackling local government debt and strengthening confidence in capital markets.

The meeting concluded by reaffirming the priority of employment and the commitment to strengthen public services in education, health and childcare.

CMG