National Development and Reform Commission: Strengthen Efforts to Stabilize Investment and Promote Consumption
Zhitong Finance APP has learned that on July 31, the National Development and Reform Commission held a conference on the development and reform situation in the first half of 2025. The meeting emphasized that the development and reform system must strictly implement the decisions and deployments of the Party Central Committee and the State Council, and do a good job in stabilizing employment, enterprises, markets, and expectations, and further strengthen internal circulation, optimize external circulation, and promote dual circulation.
The original text is as follows:
National Development and Reform Commission holds conference on development and reform situation in the first half of 2025
July 31, the National Development and Reform Commission held a conference on the development and reform situation in the first half of 2025. The meeting deeply learned from Xi Jinping's important speeches and instructions, implemented the Party Central Committee's major judgments on economic and social development, and made decisions on economic work for the second half of the year. The National Development and Reform Commission's Secretary-General Zheng Zhenjie presided over the meeting and delivered a speech.
The meeting pointed out that since this year, under the strong leadership of the Party Central Committee with Xi Jinping as its core, China's economy has continued to run steadily and with progress. The main economic indicators have performed well, new-type production forces have developed positively, reform and opening-up have deepened, key risks have been effectively prevented and resolved, and people's livelihoods have been further guaranteed. China's economy has shown strong vitality and resilience.
The meeting emphasized that the development and reform system must not only strictly implement the decisions and deployments of the Party Central Committee and the State Council but also do a good job in stabilizing employment, enterprises, markets, and expectations, and further strengthen internal circulation, optimize external circulation, and promote dual circulation. It is necessary to complete all tasks for the year and fulfill the "14th Five-Year" plan.
The meeting emphasized that the development and reform system must take a series of measures to do a good job in the second half of the year. First, it should focus on major changes, important indicators, and major issues to make a good situation analysis and forecast, with a strong emphasis on stabilizing employment and expanding domestic demand. Second, it should do a good job in summarizing and assessing the work of the "14th Five-Year" plan, and preparing for the "15th Five-Year" plan. Third, it should strengthen investment promotion, expand investment, and implement policies to promote high-quality development.
The meeting emphasized that the development and reform system must further strengthen internal circulation, optimize external circulation, and promote dual circulation, as well as promote regional coordination development, deepen agricultural transfer, urbanization, and rural revitalization. It should also enhance comprehensive coordination and balance, stabilize employment, and ensure the safety of key industries such as food, energy, and industrial chains.
The meeting required that the development and reform system must be more closely united around the Party Central Committee with Xi Jinping as its core, fully implement the decisions and deployments of the Party's 20th National Congress and the 3rd Plenary Session of the 20th Communist Party of China Central Committee, deeply understand the significance of "two establishments," enhance "four consciousnesses" and "four self-confidences," and do a good job in implementing the decisions and deployments of the Party Central Committee.
The meeting required that the development and reform system must take a series of measures to create a loyal, clean, and responsible team of development and reform officials, accurately identify changes, scientifically respond to them, and actively seek change. It should dare to struggle, be good at struggling, and take responsibility proactively.
The National Development and Reform Commission's party members, secretaries-general, vice-secretaries-general, departmental leaders, and responsible persons from various units attended the meeting. Representatives from each province, autonomous region, municipality, and production construction corps also attended the meeting.