The Political Bureau of the CPC Central Committee held a meeting on September 26 to analyze and study the current economic situation and make arrangements for the next step in economic work. Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting.

The meeting stressed the need to appropriately issue and use ultra-long special treasury bonds and local government special bonds to better leverage the driving role of government investment; to promote the real estate market to stop declining and stabilize, strictly control the increment, optimize the stock, and improve the quality of commercial housing construction, increase loan support for "white list" projects, and support the revitalization of existing idle land; and to promptly improve policies on land, fiscal and taxation, and finance to promote the construction of a new model for real estate development.‍

The meeting held that since the beginning of this year, the CPC Central Committee with Comrade Xi Jinping at its core has united and led the people of all ethnic groups across the country to overcome difficulties and respond calmly, stepped up macro regulation, focused on deepening reform and opening up, expanded domestic demand, and optimized the economic structure. The economy has operated generally steadily and made steady progress, new quality productive forces have developed steadily, people's livelihood has been solidly and effectively guaranteed, positive progress has been made in preventing and defusing risks in key areas, high-quality development has been solidly advanced, and the overall social situation has remained stable.

The meeting pointed out that the fundamentals of China's economy and favorable conditions such as a vast market, strong economic resilience, and great potential have not changed. At the same time, some new situations and problems have emerged in current economic operations. It is necessary to view the current economic situation comprehensively, objectively, and calmly, face up to difficulties, firm up confidence, and effectively enhance the sense of responsibility and urgency in doing economic work well. It is necessary to grasp the key points, take the initiative, effectively implement existing policies, step up efforts to introduce incremental policies, further improve the pertinence and effectiveness of policy measures, and strive to accomplish the annual targets and tasks of economic and social development.
　　The meeting stressed:

It is necessary to intensify countercyclical adjustment of fiscal and monetary policies, ensure necessary fiscal expenditure, and effectively do a good job in the "three guarantees" at the grassroots level. It is necessary to appropriately issue and use ultra-long special treasury bonds and local government special bonds to better leverage the driving role of government investment. It is necessary to lower the reserve requirement ratio and implement forceful interest rate cuts. It is necessary to promote the real estate market to stop declining and stabilize, strictly control the increment, optimize the stock, and improve the quality of commercial housing construction, increase loan support for "white list" projects, and support the revitalization of existing idle land. It is necessary to respond to public concerns, adjust housing purchase restriction policies, lower existing mortgage rates, promptly improve policies on land, fiscal and taxation, and finance, and promote the construction of a new model for real estate development. It is necessary to strive to boost the capital market, vigorously guide medium- and long-term funds into the market, and clear blockages in the entry of funds such as social security, insurance, and wealth management into the market. It is necessary to support mergers and acquisitions and restructuring of listed companies, steadily advance the reform of public funds, and study and introduce policy measures to protect small and medium-sized investors.‍

The meeting pointed out:

It is necessary to help enterprises overcome difficulties and further standardize law enforcement and regulatory actions involving enterprises. It is necessary to introduce a law on promoting the private economy to create a favorable environment for the development of the non-public sector of the economy. It is necessary to combine promoting consumption with benefiting people's livelihood, promote income growth for low- and middle-income groups, and upgrade the consumption structure. It is necessary to cultivate new types of consumption. It is necessary to support and standardize the development of elderly care and childcare industries by social forces and promptly improve the policy system for supporting childbirth. It is necessary to intensify efforts to attract and stabilize investment, promptly advance and implement reform measures such as foreign investment access in the manufacturing sector, and further optimize a first-class business environment that is market-oriented, law-based, and internationalized.‍

The meeting stressed:

It is necessary to safeguard and secure the bottom line of people's livelihood, focus on employment for key groups such as recent college graduates, migrant workers, people lifted out of poverty, and zero-employment families, and strengthen assistance to groups with employment difficulties such as older persons, persons with disabilities, and those who have been unemployed for a relatively long time. It is necessary to strengthen assistance and support for low-income populations. It is necessary to ensure the supply and stabilize the prices of important materials such as food, water, electricity, gas, and heating. It is necessary to effectively ensure grain and agricultural production, care about increasing farmers' incomes, and ensure autumn and winter production to safeguard national food security.‍

The meeting required that all regions and departments earnestly implement the decisions and arrangements of the CPC Central Committee, put action first, unite as one, fully stimulate the enthusiasm, initiative, and creativity of the whole society in promoting high-quality development, and push the economy to continue to recover and improve. Party members and officials should be courageous in taking responsibility and bold in innovation, and grow their skills and achieve results in overcoming difficulties. It is necessary to set a good guide for selecting and appointing officials, earnestly implement the "three distinctions," and support those who take responsibility and back those who do practical work. It is necessary to support major economically strong provinces in shouldering major responsibilities and better play their driving and pillar roles.