World

China announces improvements to the economy

china-announces-improvements-to-the-economy
China announces improvements to the economy

Reuters and Sputnik

The newspaper La Jornada
Friday, July 19, 2024, p. 27

Beijing – Chinese leaders pledged on Monday to modernize the country’s industrial complex, expand domestic demand, curb debt and property risks, and implement financial and fiscal reforms, state media reported after a key meeting of the Communist Party (CPC).

Xinhua’s report on the convention, which is held roughly every five years, also said Beijing wanted to improve social security, healthcare and income distribution systems and introduce land reforms.

According to the report, China It will strengthen the role of market mechanisms in the economy, create a fairer and more dynamic market environment and optimize the efficiency of resource allocation. for a population of 1.4 billion.

The text does not specify the changes that will be applied, but it states that the tasks The plans are expected to be completed by 2029. A document with more detailed policy plans, presented at a four-day closed-door meeting (July 15-18) of Communist Party Central Committee (CC) members headed by President Xi Jinping, general secretary of the CPC Central Committee, is expected to be released in the coming days.

The plenary session also noted that state security is an important basis for ensuring the sustained and lasting nature of modernization.the document noted.

He also pointed out the need to ensure positive interaction in order to achieve high-quality development and a high level of security.

It is necessary to strengthen the national security system, improve the public security management mechanism, strengthen the social management system and improve the mechanism linked to foreign policy.showed the preliminary document.