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CPC leadership holds meeting on 2022 economic work, anti-corruption, party discipline inspection

BEIJING, Dec. 6 (Xinhua) -- The Political Bureau of the Communist Party of China (CPC) Central Committee on Monday held a meeting to analyze and study the economic work of 2022, arrange Party conduct and anti-corruption work, and review regulations concerning the CPC's discipline inspection.

The meeting was chaired by Xi Jinping, general secretary of the CPC Central Committee.

The year 2021 has been a milestone for both the Party and the nation, according to the meeting, which cited China's calm and effective responses to global changes and a pandemic both unseen in a century, the accomplishment of the daunting task of reform and development, and the securing of a good start to the 14th Five-Year Plan.

The meeting called for economic work to be carried out in a solid manner under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and for the COVID-19 response to be coordinated with economic development while improving the well-being of the people.

Actions should be taken to safeguard macroeconomic stability, keep major economic indicators within an appropriate range and maintain social stability to prepare for the Party's 20th National Congress, the meeting said.

Economic work next year should prioritize stability while pursuing progress, and macro policy should be prudent and effective, the meeting said, noting that China will continue to adopt proactive fiscal policies and prudent monetary policies.

Proactive fiscal policies should be more effective, with a focus on precision and sustainability, while prudent monetary policies should be flexible and moderate, and liquidity should be maintained at a reasonable and ample level, the meeting said.

It also stressed the importance of the solid implementation of the domestic demand expansion strategy and the promotion of the sustained restoration of consumption.

Micro policies should stimulate the vitality of market entities, and the protection of intellectual property rights should be strengthened, according to the meeting.

It highlighted that the structural policy should aim at smoothening the national economic cycle, improving the core competitiveness of the manufacturing industry and enhancing the resilience of the supply chain.


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