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China Daily / 2020-08 / 01 / Page001

Need for strategic policy on economy emphasized

By LI XIANG | China Daily | Updated: 2020-08-01 00:00

The economic policy laid out at a top leadership meeting highlighted Beijing's long-term strategic thinking with an emphasis on further deepening structural and market-oriented reforms to substantially boost domestic demand as China faces rising external uncertainties, economists said on Friday.

Despite the country's strong economic rebound in the second quarter, the top leadership acknowledged that the economic situation remains complex and serious and many challenges facing the country are mid- and long-term issues that should be seen from the perspective of a "protracted war".

The statement was made at the meeting of the Political Bureau of the Communist Party of China Central Committee on Thursday. The meeting was presided over by Xi Jinping, general secretary of the CPC Central Committee.

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