The Political Bureau of the Communist Party of China held a meeting to deploy next year's economic work. In addition to reiterating the stability of employment, enterprises, markets, and expectations, the meeting also rarely proposed "better coordination of domestic economic work and international economic and trade struggles". According to the analysis of the interviewed scholars, this is a preparatory declaration by Beijing in the face of increasing external uncertainties such as variables in Sino US relations, as well as continued downward pressure on the economy.

The annual Central Economic Work Conference of the Communist Party of China is expected to be held in mid month. Prior to this, the Politburo of the Communist Party of China held a meeting on Monday (December 8), chaired by General Secretary Xi Jinping, to analyze and study next year's economic work, and reviewed the "Regulations on the Work of the Communist Party of China Leading the Comprehensive Rule of Law".

According to the news released by Xinhua News Agency, the conference described the achievements of economic work in the past five years as follows: "We have effectively responded to various shocks and challenges, and China's hard power in economy, science and technology, national defense, and soft power in culture, system, diplomacy, etc. have significantly improved

Next year is the first year of China's "15th Five Year Plan (2026-2030)". The conference emphasized that to do a good job in economic work next year, we must accelerate the construction of a new development pattern, focus on promoting high-quality development, adhere to the general tone of seeking progress while maintaining stability, "better coordinate domestic economic work and international economic and trade struggles, better coordinate development and security, implement more active and proactive macro policies, enhance policy foresight, targeted coordination, continuously expand domestic demand, optimize supply, optimize increment, and revitalize stock.

The meeting also mentioned the need to develop new quality productive forces according to local conditions, deepen the construction of a unified national market, continuously prevent and resolve risks in key areas, focus on stabilizing employment, enterprises, markets, and expectations, promote effective improvement in the quality and reasonable growth of the economy, maintain social harmony and stability, and achieve a good start to the 15th Five Year Plan.

The meeting also clearly pointed out that next year's economic work should adhere to seeking progress while maintaining stability, improving quality and efficiency, continuing to implement more proactive fiscal policies and moderately loose monetary policies, leveraging the integrated effect of stock policies and incremental policies, increasing countercyclical and cross cyclical adjustment efforts, and effectively enhancing the effectiveness of macroeconomic governance.

Against the backdrop of uncertainty in the external economic and trade environment and sustained weak domestic demand, the meeting proposed to adhere to the leadership of domestic demand, build a strong domestic market, and adhere to innovation driven, opening-up, "dual carbon" leadership, putting people's livelihood first. It is also necessary to "adhere to the bottom line and actively and prudently resolve risks in key areas".

In response to people's livelihood and risks, the meeting specifically requested to do a good job in ensuring the supply of important livelihood commodities at the end of the year and the beginning of the year, care about the production and life of disadvantaged groups, solve the problem of arrears of enterprise accounts and wages of migrant workers, and consolidate the bottom line of people's livelihood. With a sense of responsibility that never gives up, we must ensure safe production and resolutely prevent and contain the occurrence of major accidents


The meeting held by the Political Bureau of the Communist Party of China on Monday (December 8th) called for ensuring the supply of important livelihood commodities at the end of the year and the beginning of the year. The picture shows a morning market in Xi'an, Shaanxi on December 3rd. (Bloomberg)

Xinhua News Agency also reported on Monday that the Central Committee of the Communist Party of China held a symposium for non party members in Zhongnanhai on December 3, listening to the opinions and suggestions of the central committees of various democratic parties, leaders of the All China Federation of Industry and Commerce, and representatives of non party individuals on this year's economic situation and next year's economic work.

Zhang Hongyuan, a professor of the Department of International Trade at the Zhili University of Science and Technology in Taiwan, analyzed in an interview with the Lianhe Zaobao that the most indicative change of this meeting of the Political Bureau of the Communist Party of China was to list "international economic and trade struggle" as one of the core work plans for next year, "which is an expression that has not been heard or seen before".

He believes that Beijing clearly expects that there will still be many variables at the China US dollar summit in April next year, so it must be prepared to deal with "the United States not playing its cards and continuing to create uncertainty for the Chinese economy".

Zhang Hongyuan also assessed that from the press release of this meeting, next year's economic work will still prioritize stability, and Beijing has prepared for the worst-case scenario of economic recession. The basic response strategy is to expand domestic demand, strengthen domestic demand dominance and the domestic market.

The Political Bureau of the Communist Party of China held a meeting to deploy next year's economic work. In addition to reiterating the stability of employment, enterprises, markets, and expectations, the meeting also rarely proposed "better coordination of domestic economic work and international economic and trade struggles". According to the analysis of the interviewed scholars, this is a preparatory declaration by Beijing in the face of increasing external uncertainties such as variables in Sino US relations, as well as continued downward pressure on the economy.

The annual Central Economic Work Conference of the Communist Party of China is expected to be held in mid month. Prior to this, the Politburo of the Communist Party of China held a meeting on Monday (December 8), chaired by General Secretary Xi Jinping, to analyze and study next year's economic work, and reviewed the "Regulations on the Work of the Communist Party of China Leading the Comprehensive Rule of Law".

According to the news released by Xinhua News Agency, the conference described the achievements of economic work in the past five years as follows: "We have effectively responded to various shocks and challenges, and China's hard power in economy, science and technology, national defense, and soft power in culture, system, diplomacy, etc. have significantly improved

Next year is the first year of China's "15th Five Year Plan (2026-2030)". The conference emphasized that to do a good job in economic work next year, we must accelerate the construction of a new development pattern, focus on promoting high-quality development, adhere to the general tone of seeking progress while maintaining stability, "better coordinate domestic economic work and international economic and trade struggles, better coordinate development and security, implement more active and proactive macro policies, enhance policy foresight, targeted coordination, continuously expand domestic demand, optimize supply, optimize increment, and revitalize stock.

The meeting also mentioned the need to develop new quality productive forces according to local conditions, deepen the construction of a unified national market, continuously prevent and resolve risks in key areas, focus on stabilizing employment, enterprises, markets, and expectations, promote effective improvement in the quality and reasonable growth of the economy, maintain social harmony and stability, and achieve a good start to the 15th Five Year Plan.

The meeting also clearly pointed out that next year's economic work should adhere to seeking progress while maintaining stability, improving quality and efficiency, continuing to implement more proactive fiscal policies and moderately loose monetary policies, leveraging the integrated effect of stock policies and incremental policies, increasing countercyclical and cross cyclical adjustment efforts, and effectively enhancing the effectiveness of macroeconomic governance.

Against the backdrop of uncertainty in the external economic and trade environment and sustained weak domestic demand, the meeting proposed to adhere to the leadership of domestic demand, build a strong domestic market, and adhere to innovation driven, opening-up, "dual carbon" leadership, putting people's livelihood first. It is also necessary to "adhere to the bottom line and actively and prudently resolve risks in key areas".

In response to people's livelihood and risks, the meeting specifically requested to do a good job in ensuring the supply of important livelihood commodities at the end of the year and the beginning of the year, care about the production and life of disadvantaged groups, solve the problem of arrears of enterprise accounts and wages of migrant workers, and consolidate the bottom line of people's livelihood. With a sense of responsibility that never gives up, we must ensure safe production and resolutely prevent and contain the occurrence of major accidents


The meeting held by the Political Bureau of the Communist Party of China on Monday (December 8th) called for ensuring the supply of important livelihood commodities at the end of the year and the beginning of the year. The picture shows a morning market in Xi'an, Shaanxi on December 3rd. (Bloomberg)

Xinhua News Agency also reported on Monday that the Central Committee of the Communist Party of China held a symposium for non party members in Zhongnanhai on December 3, listening to the opinions and suggestions of the central committees of various democratic parties, leaders of the All China Federation of Industry and Commerce, and representatives of non party individuals on this year's economic situation and next year's economic work.

Zhang Hongyuan, a professor of the Department of International Trade at the Zhili University of Science and Technology in Taiwan, analyzed in an interview with the Lianhe Zaobao that the most indicative change of this meeting of the Political Bureau of the Communist Party of China was to list "international economic and trade struggle" as one of the core work plans for next year, "which is an expression that has not been heard or seen before".

He believes that Beijing clearly expects that there will still be many variables at the China US dollar summit in April next year, so it must be prepared to deal with "the United States not playing its cards and continuing to create uncertainty for the Chinese economy".

Zhang Hongyuan also assessed that from the press release of this meeting, next year's economic work will still prioritize stability, and Beijing has prepared for the worst-case scenario of economic recession. The basic response strategy is to expand domestic demand, strengthen domestic demand dominance and the domestic market.