国内英语资讯:Chinese leadership stresses stability, progress in economic work_时事

国内英语资讯:Chinese leadership stresses stability, progress in economic work

At a separate meeting Friday, Xi also spoke of the positive changes taking place in the economy, saying the fundamentals of economic and social development are sound.

There are substantial changes in the relations between economic supply and demand, while companies' expectations and market confidence are improving gradually, he told a symposium attended by representatives of non-Communist parties and the All-China Federation of Industry and Commerce, as well as non-party individuals.

The momentum of economic development is getting stronger in China, which plays a significant role in driving the global economic recovery, according to Xi.

Speaking of economic stability and progress, Xi said stability is the key, and progress should be pursued on the precondition of keeping overall stability.

However, that does not mean authorities should stay in a state of inertia or seek stability in an aggressive or mechanical way, he noted.

Instead, they should make a difference while walking a fine line, he said.

Authorities should "maintain strategic focus" and "do the right things at the right time," he urged.

To resolutely promote the supply-side structural reform, Monday's CPC meeting pledged measures to push for progress on excess capacity cuts, inventory reduction, deleveraging, relieving corporate burdens and fixing weak links.

The handling of the "zombie enterprises," or uNPRofitable firms burdened with debt, mismanagement or overcapacity, is the key to the reform, the statement said.