CGTN: Opportunities amid crisis in economic development

CGTN

PR84137

 

BEIJING, May 25, 2020 /PRNewswire=KYODO JBN/ --

 

Chinese President Xi Jinping visited national political advisors from the

economic sectors attending a joint group meeting at the third session of the

13th National Committee of the Chinese People's Political Consultative

Conference, according to a recent report by CGTN.

 

https://cdn5.prnasia.com/202005/CGTN/video1.mp4

 

https://photos.prnasia.com/prnh/20200228/2733726-1-logo

 

Xi Jinping encouraged political advisors to find opportunities amid crisis in

economic development and give full play to China's potential and role as the

world's largest market on Saturday morning.

 

Xi gave the instructions when meeting national political advisors from the

economic sector and joining a group discussion at the third session of the 13th

National Committee of the Chinese People's Political Consultative Conference.

 

The president also called for efforts to strive for a moderately prosperous

society in all respects and poverty eradication.

 

Building an open world economy

 

Xi said that China's economy is in a crucial stage of transforming its growth

mode and optimizing its structure, and its prospects are good.

 

On the other hand, China's economy is under pressure with challenges and

difficulties in structural, institutional, and cyclical aspects, he said,

adding that COVID-19 has also hit the economy.

 

The president stressed that China's economic situation must be analyzed from a

comprehensive, rational, and long-term perspective, urging efforts to build an

open world economy.

 

To better push economic growth, Xi stressed the efforts in promoting innovation

in science and technology and accelerating the development of strategic

emerging industries, such as the digital economy, smart manufacturing, and new

materials.

 

The president also noticed the strong resilience of China's economy and ample

policy space and tools to stabilize economic growth.

 

Agriculture, private businesses, and employment

 

Xi then highlighted the fundamental role of agriculture, the importance of

supporting private businesses and ensuring employment.

 

Urging more efforts in agriculture, Xi said that for a country as large as

China with a population of 1.4 billion, the fundamental role of agriculture

should never be ignored or weakened.

 

Thanks to the steady supply of grain and important agricultural and sideline

products, China has maintained social stability amid the pandemic, he said,

reiterating the goal of lifting rural poor residents out of poverty.

 

The president also encouraged private businesses to overcome difficulties and

explore more opportunities in different periods.

 

China will continue to foster an enabling environment for the development of

the private sector and ensure private businesses have equal access to

production factors and policy support, says a government work report submitted

to the national legislature for deliberation on Friday.

 

On ensuring employment, China's Ministry of Human Resources and Social Security

(MHRSS) has helped over 10,000 central and local key enterprises recruit nearly

500,000 people to ensure the orderly production of medical supplies and daily

necessities in the first quarter of 2020.

 

An unemployment insurance program made it possible for more than 3 million

enterprises to enjoy total refunds of 38.8 billion yuan (5.48 billion U.S.

dollars), benefiting nearly 81 million employees around the country, according

to the ministry.

 

Original article:

https://news.cgtn.com/news/2020-05-23/Xi-visits-political-advisors-joins-discussion-at-annual-session-QISQwuLx8A/index.html

 

 

SOURCE  CGTN

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