Li Qiang Presides Over the 12th Plenary Session of the State Council, Emphasizing In-Depth Implementation of the CPC Central Committee's Decisions and Striving to Achieve Annual Economic and Social Development Goals

Wallstreetcn
2026.08.17 11:44

Li Qiang presided over the 12th Plenary Session of the State Council, emphasizing the in-depth implementation of the decisions and deployments of the CPC Central Committee and striving to achieve the annual targets for economic and social development. The meeting pointed out that this year is the first year of implementing the "15th Five-Year Plan," requiring accelerated efforts to advance the plan's implementation and major project construction. Key focuses include maintaining stable economic operations, expanding domestic demand, promoting private investment, stabilizing external demand, strengthening technological empowerment, and ensuring and improving people's livelihoods, while coordinating development and security

Li Qiang emphasized that this year is the first year of implementing the "15th Five-Year Plan." Efforts must be intensified from the outset to advance the plan's implementation, ensure the construction of major projects, and leverage the plan's leading and driving role in various sectors. Focus should be placed on maintaining stable economic operations, adhering to the strategic basis of expanding domestic demand, addressing key contradictions and issues, and sustaining efforts in sectors with long supply chains and large scales. This will further strengthen the domestic circulation and fully unleash the potential of domestic demand. The implementation plans for the construction of the "Six Networks" should be accelerated, and financing and investment mechanisms should be innovated to attract social capital. Investment in human capital and consumption promotion should be coordinated, with greater policy resource allocation. The disbursement of various policy funds should be accelerated to form tangible workloads as early as possible. Private investment should be vigorously promoted, with more support given to investments in emerging sectors, new infrastructure, and consumption upgrades. External demand should be actively stabilized by expanding spaces for mutually beneficial international economic and trade cooperation and promoting balanced trade development. Technological empowerment should be strengthened to accelerate the transition from old to new growth drivers. Support for cultivating emerging pillar industries and future industries should be increased, and the transformation and upgrading of traditional industries should be continuously promoted to solidify the foundation of the real economy. Solid work must be done to ensure and improve people's livelihoods, focusing on employment and income growth, enhancing the level of public services, strengthening basic living guarantees for disaster-affected populations and post-disaster reconstruction, and firmly holding the bottom line against large-scale return to poverty or descent into poverty, thereby continuously enhancing people's well-being. Development and security should be better coordinated by effectively managing risk resolution, disaster prevention and mitigation, and workplace safety, promoting a positive interaction between high-quality development and high-level security.

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