CPC leadership analyzes, studies 2025 economic work

The Political Bureau of the Communist Party of China (CPC) Central Committee on Monday held a meeting to analyze and study the economic work of 2025.

Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting in Beijing.

This year is crucial for achieving the objectives and tasks laid down in the 14th Five-Year Plan (2021-2025), and the economic operation has been generally stable with progress made. The country's economic strength, scientific and technological capabilities, and composite national strength have continued to improve, according to the meeting.

The main goals and tasks for economic and social development in 2024 will be successfully accomplished, it said. For a sound economic performance in 2025, more proactive and impactful macro policies should be adopted, said the meeting.

It urged implementing a more proactive fiscal policy and a moderately loose monetary policy next year.

It is necessary to enrich and improve the policy toolkit, strengthen unconventional counter-cyclical adjustments, intensify the coordination of various policies, and make the macro regulation more forward-looking, targeted and effective, the meeting noted.

The country should vigorously boost consumption, improve the investment efficiency, and expand domestic demand on all fronts, it said.

The meeting emphasized fostering new quality productive forces driven by scientific and technological innovation, developing a modernized industrial system, giving play to the leading role of economic system reform, and ensuring signature reform measures are effectively implemented.

The country should expand high-standard opening up and stabilize foreign trade and investment, as well as effectively prevent and defuse risks in key sectors to ensure no systemic risks arise, according to the meeting.

It also called for promoting the integrated development of urban and rural areas, advancing major regional development strategies, accelerating the green transition in all fields of economic and social development, and increasing efforts to safeguard and improve people's livelihood. The Party's leadership over the economic work must be strengthened to ensure that the decisions and arrangements of the CPC Central Committee are faithfully executed, said the meeting.

The meeting also discussed plans to improve Party conduct and fight corruption.

CPC leadership analyzes, studies 2025 economic work

CPC leadership analyzes, studies 2025 economic work

CPC leadership analyzes, studies 2025 economic work

CPC leadership analyzes, studies 2025 economic work

Officials and business leaders from both China and the United States gathered in Berkeley, California on Friday to discuss the future of trade and investment between China and the San Francisco Bay Area, with many hoping to overcome the recent strain brought by the Trump administration's tariffs.

The China Council for the Promotion of International Trade hosted a business breakfast exchange meeting on Friday morning, with the council's chairman Ren Hongbin sending out a clear message of the vast economic potential which is there to be tapped into.

"The Chinese economy is very much innovation driven. And the strategic emerging industries, such as new energy, new materials, low carbon, aerospace, bio-pharmacy and the low-altitude economy, will generate a trillion-yuan level or even larger markets. So, I think that will provide enormous opportunities and room for China and U.S. companies to cooperate," said Ren.

He further stressed the China International Supply Chain Expo in Beijing as an example of an event where San Francisco Bay Area companies like NVIDIA and Apple were active participants and direct beneficiaries.

Meanwhile, Chinese Consul General in San Francisco Zhang Jianmin said that against the backdrop of a global economic slowdown, greater cooperation in the innovation sector is now more important than ever.

"The [San Francisco] Bay Area is home to many of the world's top tech companies and offers a sound innovation ecosystem. China has a super big market, rich application scenarios and a complete industrial supporting system. There exists tremendous potential for both sides to have more mutually beneficial cooperation by tapping into their complementary strengths," said Zhang.

Attendees did voice concerns over how the Trump administration's tariffs are impacting business.

With China accounting for nearly 30 percent of the Port of Oakland's total trade volume, the port's executive director Kristi McKenney stressed the need for greater stability and certainty.

"The tariffs in many cases were never actually implemented or were changed before they were implemented. So those linkages are a bit more challenging. I think the bigger issue will be certainty in the economy. And if there's lack of certainty, if we see economic difficulty, then you're going to see job losses," said McKenney.

Oakland's Mayor Barbara Lee said that it is very much business as usual, despite the recent difficulties.

"While we understand the challenges of tariffs, the exports and imports are still continuing, and our port is still a large containerized port doing business with China. And we're going to strengthen that relationship. We may have our differences on issues, on policies, but we here in Oakland understand that we're a global city and we believe the trade brings friendships, brings understanding, and also brings economic benefits to both countries," she said.

Chinese, US officials, business leaders meet in California to deepen mutual understanding