Prospects for China s economy in the aftermath of the BRICS Summit in South Africa
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China is poised for a business breakthrough
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The Political Bureau of the CPC Central Committee held a meeting on July 7 to analyze and study the current economic situation. The context of the "second half" of China's economy has basically become clear. The long-term positive fundamentals have not changed, and domestic demand is still the focus. The meeting reiterated "adhering to the general tone of seeking progress while maintaining stability" and called for "increasing the intensity of macro-policy regulation and control" It is necessary to rectify the arbitrary charges, apportionments and fines, and effectively optimize the development of private enterprises.
The "Opinions of the CPC Central Committee and the State Council on Promoting the Development and Growth of the Private Economy" were promulgated on 20 July. A number of private enterprise figures said in an interview with China News Agency that the document is a programmatic document to support the development of the private economy. The private economy is a new force for promoting Chinese-style modernization, an important foundation for high-quality development, and an important force for. promoting China's comprehensive construction of a modern socialist power.