He also emphasized that the emerging and future business should be the main drivers of growth, ensuring a smooth transition between the old and new development engines.
The 24-member Politburo of the Communist Party convened on the same day for the” two sessions” of the country’s two-weekly meetings of the Chinese People’s Political Consultative Conference ( CPPCC), the country’s top advisory body, and the National People’s Congress ( NPC ), the country’s legislature.
According to a display of the conference released by Xinhua on Friday,” We will implement more vigilant macro guidelines, expand domestic demand, and encourage the inclusion of technology and industrial innovation.”
The government even reiterated its intent to stabilize the property and real estate markets, raise the standard of living for people, and continue to support high-level opening up.
The readout reading readout stated that” we will stop and solve risks in key areas and the external shocks, stabilize expectations, promote vitality, and promote ongoing economic recuperation and improvements.”
Instead of introducing new legislation directions, Ding Shuang, the captain greater China scholar at Standard Chartered Bank, said the readout served more as a reiteration of the prior policy direction that was outlined at the central monetary work conference in December.
According to Ding,” Beijing has always had a top priority on technical development.” It was placed at the top of the government function report next year, and it was moved to the bottom of the list, just ahead of boosting consumption, at the December economic work conference.