The Political Bureau of the Central Committee of the Communist Party of China: Restoring and Expanding Demand Is the Key to Economic Recovery

The Political Bureau of the CPC Central Committee held a meeting on April 28 to analyse and study the current economic situation and economic work. Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting. The meeting emphasised that the recovery and expansion of demand is the key to the continuous recovery of the current economy. A proactive fiscal policy must be strengthened to improve efficiency, and a prudent monetary policy must be precise and powerful to form a joint force to expand demand. It is necessary to increase the income of urban and rural residents through multiple channels, improve the consumption environment, and promote the consumption of services such as cultural tourism. It is necessary to give full play to the guiding role of government investment and policy incentives, and effectively stimulate private investment.