Li Qiang presided over a symposium of economic situation experts and entrepreneurs

On the afternoon of October 8, Premier Li Qiang, a key member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, convened a roundtable discussion with a group of experts and entrepreneurs to gather perspectives on the current economic landscape and future initiatives.

During the session, participants, including Luo Zhiheng, Zhou Qiren, Huang Yu, Zhang Ming, Zhang Shui Li, You Wei, Zhou Yong, and Zuo Ding, shared their insights in a round-robin format. They noted that, despite facing a complex and challenging external environment, China’s economy has remained relatively stable this year, showing signs of progress. The participants underscored the recent introduction of a comprehensive set of growth policies, highlighting its significant impact on market expectations and overall relevance. They also put forth recommendations aimed at fostering sustained economic recovery.

After carefully considering the viewpoints of the experts and business leaders, Premier Li remarked that General Secretary Xi Jinping’s recent speech at the Central Political Bureau meeting provided a scientific analysis of the current economic situation and laid out clear directives for future initiatives. Li emphasized that this guidance should serve as a foundational framework for the government’s economic agenda. He called for unified thought and action aligned with the Party’s scientific judgments and decision-making processes, urging stakeholders to recognize prevailing trends while courageously addressing challenges. He stressed the need to tackle key issues in economic operations, maintaining a focus on market responsiveness and societal concerns, while also enhancing development confidence.

Li highlighted the crucial importance of advancing economic work in the near future. He urged all sectors to embrace a sense of responsibility and urgency in executing the central government’s directives to meet annual economic and social development goals. He called for prompt action on the recently announced economic stabilization policies, advocating for swift implementation to yield early benefits. Li also suggested preparing a set of measures for economic stabilization and development for the next fiscal year, recommending timely adjustments to accommodate evolving economic conditions. He emphasized that stabilizing businesses is essential for stabilizing the economy, advocating for effective support mechanisms, prudent utilization of favorable policies, and firm action against arbitrary fines and inspections to continuously improve the business environment and energize enterprises. He reiterated the commitment to reform as defined in the resolutions of the Party’s 20th Central Committee’s third plenary session, emphasizing the need to tackle developmental challenges with innovative approaches.

Li expressed optimism that business leaders would diligently manage their enterprises, contributing to market expansion, job stabilization, and investment growth. He encouraged experts and scholars to apply their knowledge to identify and address new economic challenges, providing forward-thinking and constructive recommendations.

Wang Zhenglong also participated in the meeting.

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