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Last updated at: (Beijing Time) Friday, November 30, 2001

Strengthen Confidence and Press On: PD Hails Central Economic Conference

Chinese leaders have just concluded a meeting to review the work in 2001 and formulate a guideline for economic development in 2002. The conference is of great importance to mobilizing the whole Party and the people of the whole country to carry on next year's economic work and to preparing for the 16th Party Congress.


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Chinese leaders just called a central meeting to review past economic work in 2001 and had a guideline formulated in boosting China's economic development in 2002. The conference is of great importance in mobilizing the whole Chinese toward a single goal furthering China's economic development and preparing for convening of CPC 16th Party Congress in 2002.

"Strengthen Confidence and Press On" is the title of the PD editorial marking the successful conclusion of the first Central Economic Working Conference in the new century, which was held by the Communist Party of China (CPC) Central Committee and the State Council in Beijing from November 27-29. An in-depth analysis of situation in China and abroad and a summing up of past economic work in 2001 were made by the Conference. With 2001's economic tasks raised, the Conference is of great importance in mobilizing the whole Party and the whole Chinese people to do a good job of next year's economic work and prepare for CPC 16th National Congress in 2002, says the editorial.

The year 2001 saw the launching of the 10th Five-year Plan. Over a fairly long time, though a world economic slowdown struck, the Chinese economy, featuring high efficiency and minimal inflation, has maintained a fast growth. Investment and consumption has shown a steady growth. Advancements have been made in economic restructuring and western China development, reforms deepened, new steps made in opening up, increased revenues recorded, hence an improved life by people. All these are hard won and the result of the wise leadership of the CPC Central Committee with Comrade Jiang Zemin at the core, insisting on expanding domestic demand and a pro-active financial and robust monetary policy. These are also achievements made because of a concerted effort made by the whole Party and the whole people acting on various guidelines and work arrangements by the CPC Central Committee for economic work.

The year 2002 will be an important year in the history of the CPC and China. Doing a good job of the economic work in 2002 will further the country's development since the 10th Five-year Plan was launched. It will help push ahead the great cause of socialism characteristic of China. Sticking to the policy of enlarging domestic demand, deepening reform, further opening up, speedy structure revamp, overhauling and regulating the market economic order, raised economic growth quality and efficiency, sustainable, speedy and robust growth of national economy will certainly promote an all-round development of construction cause in China.

There has appeared a variable ever-changing world situation in today's world. This is especially so in the wake of the "September 11" terrorist attacks in the US: Many new destabilizing factors have come to appear. A considerable change has been brought about in international economic environment in the past year or so. The US, Japan and the European countries have all been in an economic slump. The impacts on China can by no means be underestimated and many delaying factors affecting China might gradually loom in the coming year and this is as shown by the country's export trade with unexpected difficulties met. Many outstanding problems have also been up in the country's economic construction. Farmers' income has slowed down; great pressure has been brought to bear on the country in employment, not to say an irrational economic structure. Solutions need to be found for some in-depth problems. It goes without saying that we must be sober-headed about all these and mentally have to be prepared for our difficulties ahead, with timely measures to be taken.

We must also bear in mind the difficult tasks that we have to undertake in economic construction in the coming year. In face of an ever-changing international situation, we need a strong material and technical basis with an adequacy of foreign exchange reserve in addition to a vast domestic market giving the country a big room for development, the editorial reminds. China enjoys good economic and political stability and things have been all the more so since we have withstood the test of many unexpected difficulties. But we must make the most of gains from these to help us press on irrespective of possible difficulties ahead. All our comrades must unite and gather themselves around the CPC Central Committee with Comrade Jiang Zemin at the core, making sure that the Party's policies and instructions be carried out to the letter for realization of various goals in greeting the convening of CPC 16th National Congress in 2002.



By People's Daily Online
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Central Economic Working Conference Held November 27 to 29 



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