context: Under Xi Jinping 习近平, the PRC seeks a balanced economic approach. The state must strategically intervene when markets falter, ensuring long-term investment stability while allowing market mechanisms to allocate resources. This dynamic approach aims to develop a robust economic system that maximises efficiency through strategic state guidance. At the same time, the Party will remain in control, coordinating commercial activities via Party groups and strict discipline.
According to Xinhua, the CPC Politburo meeting on 9 December focused on
- analysing and strategising 2025 economic work
- Party discipline
- listen to the work report of the CCDI (Central Commission Disciplinary Inspection) and NSC (National Supervision Commission)
- strategise Party rectification and anti-corruption work in 2025
To carry out economic work well in 2025, there is a need to
- uphold the guidance of Xi Jinping Thought
- implement the spirit of
- the 20th Party Congress
- the 20th Second and Third Plenum
- seek progress while retaining stability
- uphold new development paradigm
- advance high-quality development
- comprehensively deepening reform
- high-level opening-up
- provide confidence for foreign trade and investments
- policy
- develop a modernised industrial sector
- lead new productive forces development with scitech innovation
- better coordinate development and security
- enact an active macro policy
- a bolder fiscal policy
- appropriately loose monetary policy
- strengthen extraordinary countercyclical adjustments
- expand domestic demand (encourage spending and heighten the effectiveness of investments)
- stabilise the housing and stock market
- resolve risks in key sectors as well as external shock
- maintain social stability
- preserve the results of the battle against poverty alleviation
- coordinate new-type urbanisation and rural revitalisation
- hasten urban-rural integrated development
- push forward regional strategic policy implementation
- accelerate green transition
- improve people’s livelihood
- develop a modernised industrial sector
- complete mission from the 14th 5-year plan
- consolidate a solid foundation for the 15th 5-year plan
Overall, there is a need to strengthen Party leadership over economic work
- guarantee the accurate implementation of central policies
- coordinate different parties to contribute actively
- seek truth from facts
- coordinate development and security
- strengthen expectation management and cooperation
- guarantee social stability by advancing
- social security measures
- stability maintenance
The CCDI, NSC and all levels of supervisory and disciplinary organs ought to
- imprint Xi’s thoughts of intra-party self-revolution into their hearts
- strengthen political supervision
- refine
- systems for comprehensively ruling the Party strictly
- the Party and state supervisory system
- better regulate and standardise supervisory and disciplinary work
- consolidate themed education
The meeting confirmed that the Fourth Plenum of the CCDI will be held 6–8 January.