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Central Economic Work Conference outlines nine priorities for 2025

China

China

China

Central Economic Work Conference outlines nine priorities for 2025

2024-12-12 20:39 Last Updated At:12-13 00:27

China's annual Central Economic Work Conference, which was held in Beijing on Wednesday and Thursday, outlined nine priorities for maintaining steady economic growth in 2025.

In a speech at the conference, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, Chinese president and chairman of the Central Military Commission, reviewed the country's economic work in 2024, analyzed the current economic situation and arranged the economic work for the next year.

The conference listed the priorities in nine aspects as follows:

The first is to vigorously boost consumption and make investment more productive.

The second is to lead the development of new quality productive forces through scientific and technological innovation, and build a modernized industrial system.

The third is to leverage the leading role of economic structural reform, and ensure the implementation and effectiveness of key reform measures.

The fourth is to pursue higher-standard opening up.

The fifth is to effectively prevent and resolve risks in key areas, safeguard the baseline of preventing systemic risks, and continue to vigorously stabilize the real estate market.

The sixth is to advance new urbanization and all-round rural revitalization in a coordinated manner, and promote integrated urban-rural development.

The seventh is to intensify the implementation of regional strategies and enhance the vitality of regional development.

The eighth is to make concerted efforts to cut carbon emissions, reduce pollution, expand green areas, and accelerate the all-round green transformation of economic and social development.

The ninth is to strengthen efforts to guarantee and improve people's livelihood, and increase people's sense of gain, happiness and security.

Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi, members of the Standing Committee of the Political Bureau of the CPC Central Committee, attended the conference.

Premier Li Qiang made a concluding speech, putting forward requirements for implementing the spirit of Xi's important speech and doing a good job in the economic work next year.

Central Economic Work Conference outlines nine priorities for 2025

Central Economic Work Conference outlines nine priorities for 2025

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Macao celebrates completion of prototype digital currency

2024-12-12 22:52 Last Updated At:12-13 00:17

China's Macao Special Administrative Region (SAR) on Thursday held a ceremony to celebrate the completion of its e-MOP prototype digital currency and the publication of a white paper on the new digital currency. The e-MOP digital currency, supported by the People's Bank of China (PBOC), lays the necessary foundation for the future development of the digital Macao pataca.

As legal tender in Macao, e-MOP will have the same legal status and value as paper money and coins. It will also be interoperable with existing electronic payment systems in Macao, enabling connectivity between e-MOP wallets, bank accounts and other digital wallets. This will create a more efficient and cost-effective transaction environment.

The white paper released on Thursday presents a clear blueprint for the future development of e-MOP.

Macao celebrates completion of prototype digital currency

Macao celebrates completion of prototype digital currency

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