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China Outlines Six Key Economic Tasks for 2020

Beijing’s Central Economic Work Conference reviewed the economic progress made in China over the past year and outlined six key tasks for the coming year.

The annual meeting, held 10-12 December, noted that China has adhered to the general principle of pursuing progress, while facing the complicated situation of mounting risks and challenges, both at home and abroad in 2019. The Conference also noted that the Mainland had ensured stability and that progress in achieving the major tasks of the 13th Five-Year Plan had met expectations. The country has also made significant new headway in building a moderately prosperous society in all respects.

The six tasks prioritised for 2020 are:   

  • Remaining committed to the new development philosophy
  • Steadfastly fighting the ‘three critical battles’ of poverty alleviation, pollution control and healthy financial system
  • Effectively ensuring and improving people’s livelihood
  • Adhering to a proactive fiscal policy and prudent monetary policy
  • Pursuing high-quality development
  • Deepening economic system reforms

Source: State Council

Content provided by Picture: HKTDC Research
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