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China’s Central Economic Work Conference: Make Economic Progress and Maintain Social Stability

On December 10 to 13, the People’s Republic of China (PRC) held its Central Economic Work Conference in Beijing. Xi Jinping, general secretary of the Chinese Communist Party and President of the PRC, delivered a speech at the conference. The conference first gave the Chinese Communist Party credit for “continuously improving the living standards of the people” and for an “overall harmonious and stable society.” Then the conference acknowledged problems in the areas of overcapacity, food safety, rise of the macroeconomic debt level, unemployment, the deterioration of the ecological environment, tainted food and drugs, and poor public safety.

The conference emphasized that the core of the economic work, starting in 2014, will be to make progress while maintaining stability, balance economic “reform” and social “stability” and strengthen the Party’s leadership over "the comprehensive deepening reform." “The conference urged the whole Party and the Chinese people of all ethnic groups to unite closely around the Chinese Communist Party Central Committee headed by Xi Jinping, the Party’s General Secretary.”

Source: Xinhua, December 13, 2013