Focus points of economic work in the second half of the year from the perspective of the plan execution report

　　Entrusted by the State Council, Zheng Shanjie, Director of the National Development and Reform Commission, reported on the implementation of the national economic and social development plan since the beginning of this year to the fifth session of the 14th National People's Congress Standing Committee on the 28th.

　　In the report, Zheng Shanjie introduced that overall, the key tasks set by the national two sessions have been well completed since the beginning of this year. In the second half of the year, efforts will be intensified in macro policy regulation, focusing on expanding domestic demand, boosting confidence, preventing risks, continuously promoting sustained improvement in economic operation, strengthening endogenous momentum, improving social expectations, and resolving hidden risks, to promote qualitative and effective economic growth and reasonable quantitative growth.

　　This report from the State Council on the implementation of the national economic and social development plan since the beginning of this year analyzes that overall, since the beginning of this year, we have adhered to promoting high-quality development, focused on managing our own affairs well, scientifically and precisely implemented macro-control, firmly expanded domestic demand, increased necessary support for economic recovery and development, strengthened coordination and cooperation of various policies, worked hard to smooth the national economic cycle, and the economy has shown a trend of recovery and improvement. The economic growth rate remains leading among major world economies, demonstrating China's great development resilience and potential.

　　The report analyzes that the current improvement in China's economic operation is mainly restorative, the endogenous momentum for growth is still not strong, the development environment is full of uncertainties, and the foundation for sustained economic recovery is still unstable. From an international perspective, the external environment is more complex and severe. Domestically, there is insufficient domestic demand, some enterprises face operational difficulties, risks have accumulated in some key areas, and difficulties in ensuring and improving people's livelihood have increased.

　　Regarding the key tasks to be focused on in the second half of the year, Zheng Shanjie stated that macro policy regulation should be intensified, coordination and cooperation of various policies strengthened, and counter-cyclical adjustment and policy reserves enhanced. Actively expand domestic demand by increasing residents' income to boost consumption and drive effective supply through terminal demand. Better leverage government investment to accelerate the issuance and use of local government special bonds. Stimulate private investment enthusiasm and introduce targeted policies to encourage private investment.

　　The report proposes vigorously promoting the construction of a modern industrial system. Continue to deepen reform and opening up, further improve the negative list system for market access, effectively optimize the development environment for private enterprises, resolutely rectify arbitrary charges, fines, and levies, and solve the problem of overdue payments to enterprises. Accelerate the construction of a higher-level open economic system, take multiple measures to stabilize the fundamentals of foreign trade and foreign investment. Promote regional coordinated development according to local conditions and intensify the implementation of major regional strategies. Deepen environmental pollution prevention and control, actively and steadily advance carbon peak and carbon neutrality, and promote the gradual shift from dual control of energy consumption to dual control of carbon emissions.

　　In terms of preventing and resolving risks in key areas, the report points out strengthening risk warning and proper handling, adapting to the new situation of significant changes in the supply and demand relationship in China's real estate market, implementing city-specific policies and making good use of the policy toolbox, optimizing land supply structure, better meeting residents' rigid and improved housing needs, and promoting the stable and healthy development of the real estate market. Increase the supply of affordable housing, support local governments and enterprises in increasing the construction of affordable rental housing. Effectively prevent and resolve local government debt risks, and implement the comprehensive debt resolution plan. Prudently handle financial sector risks and steadily promote the reform and risk mitigation of high-risk small and medium-sized financial institutions.

　　Facing difficulties and challenges, ensuring people's livelihood is particularly important. In the report, Zheng Shanjie proposed increasing efforts to guarantee people's livelihood. Strengthen the implementation of employment-first policies, focus on promoting employment for key groups such as youth, and continuously assist employment for people facing difficulties and persons with disabilities. Continue to promote residents' income growth, expand the middle-income group, encourage local governments to reasonably raise the minimum wage standard, and increase social assistance and bottom-line guarantees for people in difficulty. Improve public services and social security levels, and effectively address urgent and difficult issues faced by the public. Make every effort to prevent and respond to disasters such as floods, and earnestly carry out post-disaster recovery and reconstruction work.