National Development and Reform Commission: Accelerate the construction of a modern industrial system supported by the real economy

According to the National Development and Reform Commission, maintaining stable growth is the focus of work in the second half of the year. The government will implement accurate and forceful macro-control and promote proactive fiscal policies and prudent monetary policies. By virtue of these, the policy coordination will be strengthened to energize a sustained economic recovery. It is necessary to deepen counter-cyclical adjustments and prepare countermeasures in advance to timely introduce more targeted and stronger policies to tackle changes, so as to create a good policy environment for the enterprises’ development and lay a solid foundation for the continued improvement of the economy. The government will accelerate the development of a modern industrial system supported by the real economy. The government will also focus on the real economy, build longboards and strengthen weak ones. In addition, through vigorously improving technological innovation capabilities, accelerating the transformation and upgrading of traditional industries, cultivating and strengthening strategic emerging industries, and creating more pillar industries, the government can promote the high-quality development of advanced manufacturing and further enhance the resilience and security level of the industrial chain and supply chain.