In the second half of the year, President Hu Jintao outlined six key priorities for economic work, emphasizing the need to manage the scale of fixed asset investment. On July 21, the Communist Party of China's Central Committee convened a symposium at Zhongnanhai, inviting leaders from non-party political groups, the All-China Federation of Industry and Commerce, and independent figures to provide input on the current economic situation and future strategies. General Secretary Hu Jintao chaired the meeting and delivered a significant speech, highlighting the importance of adhering to the scientific development concept to guide overall social and economic progress.
He emphasized the need to align ideas, refine policies, and ensure effective implementation. Hu stressed the importance of changing development concepts, innovating growth models, and enhancing the quality and efficiency of economic activities to meet annual development targets. The meeting was attended by top leaders including Wen Jiabao, Jia Qinglin, Zeng Qinghong, and Huang Ju, who discussed the economic performance in the first half of the year and plans for the coming months.
After listening to the participants' insights, Hu praised their constructive feedback, noting that it would greatly assist in achieving the year's economic goals. He reiterated the six key points for the second half of the year. First, he called for tighter control over fixed asset investment, urging differentiated regulation and targeted measures in credit, land use, and environmental protection to prevent overcapacity and high-pollution industries from expanding unchecked.
Second, he urged efforts to boost domestic demand by increasing consumer spending, especially among farmers and middle- and low-income urban residents, while investing more in public services like education, healthcare, and culture in rural areas. Third, he emphasized the construction of a new socialist countryside, focusing on agricultural production, rural reforms, and improving farmers' incomes through stable and supportive policies.
Fourth, he called for accelerated reform in key sectors, such as state-owned enterprises, finance, and taxation, to build a more efficient market economy and better macroeconomic governance. Fifth, he highlighted the need to enhance openness by transforming foreign trade models, upgrading processing trade, and optimizing import and export structures to achieve a more balanced trade position.
Lastly, he stressed addressing people's most pressing concerns, such as access to healthcare, education, and employment, while strengthening social security systems and ensuring fair income distribution. He also reminded officials to prioritize flood prevention and disaster management, given the heavy responsibilities ahead. These measures reflect a comprehensive approach aimed at sustainable and inclusive economic growth.
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