Article by Xi on appropriate management of economic tasks set for publication
Xi's article focusing on the appropriate management of economic work is set to be published soon.
TroibNews 
An article by Xi Jinping, general secretary of the Communist Party of China Central Committee, focusing on effectively addressing several critical relationships in economic work, is set to be published on Saturday.
Xi, who also serves as the Chinese president and chairman of the Central Military Commission, will have this article featured in the fifth issue of Qiushi Journal, the leading publication of the CPC Central Committee.
The article acknowledges that as adverse effects from the shifting external environment grow stronger, China's economic operations continue to encounter various difficulties and challenges.
Nonetheless, it highlights that the Chinese economy is supported by a stable foundation, abundant strengths, strong resilience, and significant potential. The essential conditions and overarching trends for sustained long-term growth remain unchanged, according to the piece.
"We must face up to the difficulties, strengthen our confidence, and strive to transform all positive factors into actual achievements in development," the article states.
Economic work is described as complex and multifaceted, with a need to properly manage five key relationships.
One critical relationship to coordinate is between an efficient market and a well-functioning government. The article emphasizes the importance of the government taking decisive action when necessary, while also recognizing when to refrain from intervention.
Additionally, the article underscores the relationship between total supply and demand to ensure smooth economic circulation. It calls for efforts to address weaknesses in domestic demand, which should act as the primary driver and stabilizer of growth.
Another focus is on balancing the development of new growth engines with the upgrading of traditional industries, highlighting the importance of managing this relationship effectively.
Furthermore, the article emphasizes the need to properly navigate the relationship between optimizing incremental resources and effectively utilizing existing resources, as well as the relationship between quality improvements and scale expansion.
Allen M Lee contributed to this report for TROIB News
Xi, who also serves as the Chinese president and chairman of the Central Military Commission, will have this article featured in the fifth issue of Qiushi Journal, the leading publication of the CPC Central Committee.
The article acknowledges that as adverse effects from the shifting external environment grow stronger, China's economic operations continue to encounter various difficulties and challenges.
Nonetheless, it highlights that the Chinese economy is supported by a stable foundation, abundant strengths, strong resilience, and significant potential. The essential conditions and overarching trends for sustained long-term growth remain unchanged, according to the piece.
"We must face up to the difficulties, strengthen our confidence, and strive to transform all positive factors into actual achievements in development," the article states.
Economic work is described as complex and multifaceted, with a need to properly manage five key relationships.
One critical relationship to coordinate is between an efficient market and a well-functioning government. The article emphasizes the importance of the government taking decisive action when necessary, while also recognizing when to refrain from intervention.
Additionally, the article underscores the relationship between total supply and demand to ensure smooth economic circulation. It calls for efforts to address weaknesses in domestic demand, which should act as the primary driver and stabilizer of growth.
Another focus is on balancing the development of new growth engines with the upgrading of traditional industries, highlighting the importance of managing this relationship effectively.
Furthermore, the article emphasizes the need to properly navigate the relationship between optimizing incremental resources and effectively utilizing existing resources, as well as the relationship between quality improvements and scale expansion.
Allen M Lee contributed to this report for TROIB News
