The Political Bureau of the CPC Central Committee: Macro policies need to continue to exert force and be appropriately strengthened in due time.

The Political Bureau of the Communist Party of China held a meeting on July 30. The meeting emphasized the importance of effectively managing the economic work in the second half of the year. It is necessary to adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, uphold the general principle of seeking progress while maintaining stability, comprehensively implement the new development concept, accelerate the construction of a new development pattern, maintain policy continuity and stability, enhance flexibility and predictability, focus on stabilizing employment, enterprises, markets, and expectations, effectively promote both domestic and international economic cycles, strive to achieve the annual economic and social development goals and conclude the "14th Five-Year Plan" successfully. The meeting pointed out that macroeconomic policies should be continuously strengthened and timely adjusted. It is necessary to implement more active fiscal policies and moderately loose monetary policies, release the full effects of policies, accelerate the issuance and use of government bonds, improve the efficiency of fund utilization, secure the bottom line of the "Three Guarantees" at the grassroots level, maintain sufficient liquidity in monetary policies, and promote the downward trend of the overall social financing costs. Utilize structural monetary policy tools to support technological innovation, boost consumption, support small and micro-enterprises, stabilize foreign trade, and facilitate economic development in major provinces. Strengthen the consistency of macroeconomic policy orientation.