The Political Bureau of the CPC Central Committee recently held a meeting to discuss the current economic situation and economic work in China. The National Development and Reform Commission’s head gave an interview to Xinhua News Agency to provide insights into the economic “report card” of the first quarter and the efforts to build a unified national market.
The head of the National Development and Reform Commission highlighted the positive economic indicators in the first quarter, such as steady GDP growth, improved industrial efficiency, and rising residents’ incomes. The commission emphasized the need to adhere to the Party Central Committee’s decisions, implement established policies, and address economic challenges to achieve annual development goals.
Regarding the construction of a unified national market, the commission outlined key measures, including accelerating market system unification, improving market facilities, and enhancing fair competition and market supervision. Efforts are focused on streamlining regulations and policies to promote a level playing field for businesses across regions.
Furthermore, the commission discussed the rapid growth of China’s new energy vehicle industry, with increasing demand and product supply. Policies to support the industry include industrial optimization, meeting consumer demand, and infrastructure development for charging facilities. Trade-in programs for consumer goods are also being introduced to encourage the adoption of new energy vehicles.
In conclusion, the National Development and Reform Commission is committed to promoting high-quality economic development, supporting the growth of key industries, and enhancing market competitiveness. These efforts align with the broader goal of achieving sustainable economic growth and meeting the evolving needs of consumers.
(Source: Xinhuanet)
Author: Chen Weiwei Yan Fujing
Title: Authoritative Interview – The National Development and Reform Commission’s Perspective on Economic Recovery and Market Building.