Fintech Trends in Hong Kong

Chinese leadership analyzes economic situation

In this Oct 19, 2020 photo, workers are busy at the factory of a manufacturing company in Shijiazhuang, north China's Hebei Province. (LIANG ZIDONG / XINHUA)

BEIJING – Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Friday presided over a meeting of the Political Bureau of the CPC Central Committee to analyze current economic situation and economic work. 

The meeting also reviewed a plan for talent development during the 14th Five-Year Plan (2021-2025) period. 

READ MORE: China's economy posts steady growth in Q1

The meeting highlighted the hard-won achievements made since the beginning of this year in coordinating epidemic control with economic and social development, as China has secured stable economic performance and successfully hosted the Beijing 2022 Olympic Winter Games and the Beijing 2022 Paralympic Winter Games.

Noting that the economy faces growing complexities and uncertainties, the meeting stressed the importance of economic stability as well as securing and improving people's livelihood.  

ALSO READ: Li stresses effective macro policies, further opening-up

The meeting called for upholding the "people first, lives first" principle and the dynamic zero-COVID approach to protect people's lives and health, and reduce the impact of the epidemic on economic and social development to the minimum.