Economic

Xi urges major risk prevention to ensure healthy economy, social stability


BEIJING, JAN 21 — President Xi Jinping on Monday told senior officials to strengthen their ability in preventing and defusing major risks to ensure sustained and healthy economic development and social stability.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks when addressing the opening ceremony of a study session at the Party School of the CPC Central Committee attended by senior provincial and ministerial officials.

The opening session was presided over by Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee. Standing Committee members Li Zhanshu, Wang Yang, Wang Huning, Zhao Leji and Han Zheng also attended.

In his speech, Xi analyzed and raised specific requirements on the prevention and defusion of major risks in areas including politics, ideology, economy, science and technology, society, the external environment and Party building.

Xi urged Party committees and governments at all levels to pursue a holistic approach to national security and follow the requirements of the CPC Central Committee to ensure China’s political security.
He called for continuous efforts to strengthen the influence of the mainstream tone in public communication and guidance on public opinion, and accelerate the establishment of a system for integrated internet management to promote a law-based cyberspace.

Priority should be given to strengthening the ideological and political education among the young, building up their full confidence in the path, theory, system, and culture of socialism with Chinese characteristics so as to nurture a generation of capable young people who are well-prepared to join the socialist cause, Xi said.

China’s economy is generally in good shape while facing profound and complicated international and domestic changes, Xi said, adding that it is inevitable to come across challenges in pushing ahead with supply-side structural reform.

Noting the new and worrisome developments amid generally steady economic operation, Xi called for maintaining strategic resolve by advancing growth in the right direction while being ever ready to determine and deal with potential major economic risks.

Efforts should be made to balance stabilizing growth and guarding against risks, Xi stressed.
It is necessary to introduce a long-term mechanism to maintain the sound development of the real estate market in a steady manner, he said.

Market sentiment analysis should be strengthened, evaluations should be made for impact of new policies on the financial markets, public expectations should be better guided, and market monitoring and regulation coordination should be enhanced to address risks timely, he said.

Xi called for concrete measures to make financing for medium-sized, small and micro firms easier and affordable, and to stabilize and support employment.
Great efforts are needed to deal with challenges facing the disposal of “zombie enterprises” to speed up the clearing up and unleash untapped resources, he said.

Effective steps should be taken to stabilize employment, the financial market, foreign trade, foreign investment, domestic investment and expectations to keep economic growth within a reasonable range, Xi said. – XINHUA