This year's Central Economic Working Conference has come to a successful end. Guided by Deng Xiaoping Theory and the important thought of "three represents", this conference implemented the spirit of the 16th National Congress and the third and fourth plenary sessions of the 16th CPC Central Committee, comprehensively carried out a scientific development concept, made an incisive analysis of the current international and domestic situation, conscientiously summed up this year's economic work and clearly set forth the general requirement, guiding principles and main tasks for next year's economic work.. This is of paramount importance in unifying the whole Party's ideological understanding, and uniting and mobilizing people of all ethnic groups of the country to do next year's economic work well.
This year has witnessed new, major progress in China's reform and opening-up drive and economic construction. To deal specifically with the outstanding problems emerged in the process of economic development, such as the strained relations of grain supply and demand, the rapid growth of fixed asset investment and the excessive supply of money and credits, the Party Central Committee and the State Council timely and determinedly adopt a series of policy measures to further strengthen and improve macro-control, seized main contradictions and key links, curb the unwholesome and unstable factors in economic operations, strengthen weak links and thereby maintained the good momentum of steady and fairly fast development of the national economy: Grain production has taken a favorable turn, farmers have achieved a fairly rapid increase in their incomes and agriculture has been strengthened; economic efficiency has seen continued improvement, financial revenue and enterprise profits have gained substantial increase; various reforms continue to advance, the country is opened ever wider to the outside world; the work of employment and re-employment has gained fresh progress, and the living standards of urban and rural people have further improved. The favorable situation in this year's reform, development and stability has indeed come not easily, it is the result of the correct decisions made by the Party Central Committee with Comrade Hu Jintao as the general secretary, who have persistently taken Deng Xiaoping Theory and the "three represents' important thought as the guide, comprehensively implemented a scientific development concept, judged the hour and sized up the situation and had a good command of the whole situation; as well as the result of the efforts of the whole Party and people of all ethnic groups of the entire country who have been conscientiously carrying out the various policy measures for strengthening and improving macro-control, and have dedicated themselves heart and soul to tackling problems and doing solid work.
There are both lots of favorable conditions for and many difficulties and challenges to next year's economic work. Internationally, the world economy has experienced sustained growth, international trade has continued to expand, the external environment is, as a whole, conducive to China's development, but uncertain factors are on the increase. Internally, the favorable situation of economic and social development this year has laid a sound foundation for next year, the various social sectors have exhibited soaring enthusiasm in accelerating development, the vigor of autonomous economic growth has become stronger, the pace of structural adjustment has quickened, there are many favorable conditions for maintaining steady, rapid economic development. But it must be noticed that what has been presently achieved is only phased result, contradictions and problems arising in economic operations remain fairly striking, some deep-seated contradictions and problems accumulated over past long years remain unresolved. We should both fully grasp favorable conditions, reinforce our confidence in doing next year's economic work well, and keep a sober mind and be actively prepared to cope with various kinds of difficulties and risks.
The year 2005 is crucial to further consolidating and developing the macro-control results and maintaining the good momentum of economic and social development. Doing next year's economic work well is of paramount important significance in fulfilling the targets set forth in the "10th Five-Year" Plan and laying a solid foundation for the economic and social development during the "11th Five-Year Plan" period. The economic working conference clearly set forth the general requirement for net year's economic work: Taking Deng Xiaoping Theory and the important thought of the "three represents" as the guide, we should conscientiously implement the spirit of the 16th National Congress of the Party and the Third and Fourth Plenums of the 16th CPC Central Committee, comprehensively carry out a scientific development concept, persist in development--the first important task for rejuvenating the nation through exercising power, further enhance our capability in mastering the socialist market economy, tighten and improve macro-control, devote major efforts to pushing forward the reform and opening-up drive, accelerate adjustment of the economic structure and transform the mode of economic growth, make better use of the period of important strategic opportunity and thereby bringing about all-round, coordinated and sustainable development of the economy and society. In implementing this general requirement, the most important thing is to firmly establish and earnestly implement a scientific development concept, with which to command the whole situation of economic and social development.
The scientific development concept is the summary of experiences in long-term development and practice and the sublimation of theory made by our Party taking Deng Xiaoping Theory and the important thought of "three represents" as the guide and is the important guiding ideology which we must always adhere to in building a moderately prosperous society in an all-round way and pushing forward the modernization drive. China is now in the development stage of continuous rise in the degree of industrialization, urbanization, marketization and internationalization, whether in terms of eliminating the unhealthy and unstable factors existing in current economic operations, or in solving deep-seated contradictions in economic and social development, we are required to comprehensively and accurately grasp the profound connotations of the scientific development concept, and carry this concept through to various fields and various aspects of economic and social development.
Using the scientific development concept to command the overall situation of economic development requires that we continue to strengthen and improve macro-control, and ensure a steady and rapid economic development. Both the market mechanism and macro-control are the organic components of the socialist market economic system, while giving full play to the role of market mechanism, we must have a full understanding of the necessity, protracted nature and arduousness of strengthening and improving macro-control. In light of the actual condition of economic operations next year, we will implement prudent fiscal and monetary policies, correctly grasp the dynamics and focus of regulation and control, more properly implement the principle of dealing with different things in different ways and of maintaining the development of certain things while reducing or halting the development of other things,; we will pay more attention to the use of economic measures and legal means to properly protect, guide and give better play to the initiative of various social sectors, overcome the tendency of one-sidedly pursuing quantity and speed, and genuinely shift the focus of economic work to improving the quality and efficiency of economic growth.
Using the scientific development concept to command the overall situation of economic and social development requires that we energetically push forward structural adjustment. Optimizing structure and strengthening weak links are the necessary conditions for realizing all-round, coordinated and sustainable development, we should always regard persistence in properly solving the question relating to farmers, countryside and agriculture as the most important aspect of the work of the whole Party, intensify efforts in support of farmers, countryside and agriculture, and maintain the good momentum of the development of agriculture and the rural economy. We should comply with the change in market demands and the requirement for enhancing competitive power, persist in relying on scientific and technological progress to actively promote the optimization and upgrading of industrial structure. We should intensify efforts in support of less developed regions to propel the coordinated development of the regional economy. We should vigorously save energy and resources, develop a cyclic economy, strengthen construction of an ecological environment and gradually construct a saving-type industrial structure and consumption pattern.
Using the scientific development concept to command the general situation of economic and social development requires us to unswervingly push forward the reform and opening-up drive. In next year's reform, we should center our efforts on solving deep-rooted contradictions and problems that affect overall development, give prominence to focal points, make active advancement, engage in steady practices and strive to make new breakthroughs in some major fields and key links, and provide systemic guarantee for all-round, coordinated and sustainable development. We should center our efforts on enhancing international competitiveness, accelerate the transformation of the mode of foreign trade growth, improve the quality of the utilization of foreign capital and strengthen economic and technological cooperation with foreign countries.
Using the scientific development concept to command the overall situation of economic and social development requires that we persist in putting people first and work hard to build a harmonious socialist society. We should regard solutions of problems as the focus of our work, which are urgently demanded by the masses of people, actively expand employment and re-employment, continue to perfect the social security system, speed up the development of science and technology, education, culture, public health, sports and various other social undertakings, rationally adjust the method of distribution of national incomes and gradually solve the problem concerning the yawning income gap between regions and among some members of society.
The tasks for next year's economic work are pretty onerous. Party committees and governments at various levels should conscientiously implement the spirit of this conference and, in light of the actuality of the regions and departments concerned and in compliance with the requirements for an all-round, balanced and sustainable development, change development concepts and adjust development ideas, things conforming to the scientific development concept should be done with might and main, things inconsistent with this concept should be corrected without hesitation, we should earnestly make our thoughts and actions conform with the requirement of the scientific development concept. Leading cadres at all levels should constantly enhance their self-consciousness and steadfastness in implementing the scientific development concept, energetically carry forward the realistic and pragmatic spirit, earnestly change their style of work, spend more time and energy on going to the grass-roots units and going deep into the masses to inspect the actual situation and do practical work, and regard doing a good job in realizing, safeguarding and developing the fundamental interests of the broad masses of people as the starting-point and end-result of work.
The cardinal policies and goals and tasks for next year's economic work have been clearly set, the crucial thing now is to do a good job of implementation. Let's unite closely around the Party Central Committee with Comrade Hu Jintao as the general secretary, inspire enthusiasm, immerse ourselves in hard work, strive to fulfill the various tasks of next year's economic and social development, and create a new phase in reform, development and stability on our journey to building a relatively affluent society in an all-round way.
The editorial is carried on the front page of People's Daily on December 6, 2004 and translated by People's Daily Online