BackThe National Development and Reform Commission held a symposium on private enterprises: increasing countercyclical adjustments in the fourth quarter
The National Development and Reform Commission held a symposium on private enterprises: increasing countercyclical adjustments in the fourth quarter
NEWS
中国新闻网1 hour agoBusiness2 min readChinaView original

The National Development and Reform Commission held a symposium on private enterprises: increasing countercyclical adjustments in the fourth quarter

Quick Look

Zheng Shajie, director of the National Development and Reform Commission of China, chaired a symposium on private enterprises and emphasized that in the fourth quarter, countercyclical adjustments will be intensified, existing and incremental policies will be coordinated, and the "15th Five-Year Plan" and the construction of major engineering projects will be promoted to respond to changes in international supply and demand and achieve economic goals for the year.

AI-generated summary

Why It Matters

China is facing commodity price fluctuations and industrial chain challenges brought about by changes in the external environment. The National Development and Reform Commission listened to the opinions of private enterprises through symposiums and aimed to optimize macro policies to achieve the annual economic goals.

Font size

China News Service, Beijing, October 10 (Reporter Wang Enbo) Zheng Shajie, director of the National Development and Reform Commission of China, chaired a private enterprise symposium on the 10th and said that in the fourth quarter, countercyclical adjustments will be stepped up, the consistency assessment of macro policy orientations will be strengthened, and the coordinated development of existing and incremental policies will be strengthened.

It is reported that the symposium focused on accurately grasping the economic situation in the third quarter and actively responding to changes in international supply and demand to solicit opinions and suggestions. Leaders from Shenghong Holdings, Dongming Petrochemical, ENN Group, Jifeng Sannong, Jingtai Technology and other fields from petrochemical, natural gas supply, agricultural machinery, artificial intelligence applications and other fields attended the meeting.

Changes in the external environment have impacted international commodity prices and industrial and supply chains. The international supply and demand pattern has been profoundly adjusted, and competition in the technology industry has become increasingly fierce, posing certain challenges to business operations. The heads of participating companies believe that the state has promptly introduced a series of measures to stabilize production and supply and launched a number of incremental policies to help companies effectively deal with risks and stabilize development expectations. Companies will continue to increase investment in innovation and promote the extension of industries to the high end of the value chain.

Zheng Shanjie said that in the first three quarters, China's economy moved forward despite the pressure, with new momentum and improved structure, showing strong resilience and vitality. At present, the impact of external shocks on economic operations is still continuing, and the conversion of old and new driving forces in the country is accelerating. The majority of private enterprises must look at the current situation from a long-term perspective. They must not only scientifically respond to the realistic pressures brought about by changes in international supply and demand, but also firmly grasp the long-term opportunities brought by China's stable economic fundamentals, further strengthen their confidence, and better integrate into the overall development of the country.

The fourth quarter is the final season of the whole year. While intensifying countercyclical adjustments, Zheng Shanjie said that the National Development and Reform Commission will promote the early start of construction of clear major engineering projects such as the "15th Five-Year Plan" and the "Six Networks" (water network, new power grid, computing power network, new generation communication network, urban underground pipe network, logistics network) implementation plan to stimulate the release of domestic demand potential. ; Promote the deep integration of technological innovation and industrial innovation, further enhance the resilience of industrial and supply chains, improve the level of energy and resource security, and consolidate the foundation of national food security; timely plan more stimulating policy tools and work starting points to promote the continuous development of the economy in a new and better direction, and strive to complete the annual goals and tasks.

What to Watch

AI outlook — possibilities, not facts

  • More specific incremental policy tools will be introduced in the fourth quarter

    Very likely · Within months

Open Questions

  • Implementation details and scale of specific incremental policies
  • Specific start timetable for major engineering projects

Related Topics

This article was originally published by 中国新闻网.

Related Stories

Double Festival Consumption Observation|Intelligent "onboarding", consumption "renewed"
Business·

Double Festival Consumption Observation|Intelligent "onboarding", consumption "renewed"

During this year’s National Day holiday, China’s consumer market showed a trend of increasing “intellectual content”. From AI assistants in scenic spots and service robots to smart homes in stores, smart products and services are deeply integrated into people's lives. Policy-based trade-in financial support and related consumption-promoting measures have further stimulated the vitality of smart consumption.

中国新闻网
4 min read
Chesu Jinsheng|Invoice data increased by 19.5%, service consumption was strong during the National Day holiday
Business·

Chesu Jinsheng|Invoice data increased by 19.5%, service consumption was strong during the National Day holiday

During the National Day holiday, China's consumer market showed strong vitality. Value-added tax invoice data shows that the national average daily sales revenue from service consumption increased by 19.5% year-on-year, with outstanding performance in tourism, catering, culture and sports, and home appliances and digital industries, reflecting the resilience of the domestic demand market and the trend of consumption upgrading.

中国新闻网
5 min read
Chinese and foreign experts discuss high-quality co-construction of the “Belt and Road” in Wenzhou, Zhejiang
Business·

Chinese and foreign experts discuss high-quality co-construction of the “Belt and Road” in Wenzhou, Zhejiang

The 2026 Wenzhou Business Development Dialogue and Zhejiang Province “Belt and Road” Think Tank Forum opened in Wenzhou. Politicians and experts from many countries gathered to discuss private economic development and high-quality co-construction of the “One Belt, One Road” initiative. It was recommended that companies improve their cross-cultural capabilities, focus on small but beautiful projects, and respond to the challenges of international public opinion.

中国新闻网
3 min read
The fiscal gap is widening! Beijing requires party and government agencies to implement "tightening of life"
Developing·

The fiscal gap is widening! Beijing requires party and government agencies to implement "tightening of life"

China's economic weakness has led to a sharp decline in fiscal revenue. The Ministry of Finance has required party and government agencies and universities to implement strict savings and implement "tightening life". In the first eight months of this year, fiscal expenditures exceeded revenue. Many local governments and universities have taken specific measures such as cutting administrative expenses and restricting official activities to cope with financial pressure.

自由时报
3 min read
Jiangxi promulgates regulations to promote the development of private economy and highlight difficult and blocking problems
Business·

Jiangxi promulgates regulations to promote the development of private economy and highlight difficult and blocking problems

Jiangxi Province has promulgated the "Jiangxi Province Private Economy Promotion Regulations" to break down market access barriers, alleviate financing problems and standardize supervision and law enforcement. The regulations, which consist of eight chapters and 61 articles, will be officially implemented on November 1 to optimize the development environment of the private economy.

中国新闻网
2 min read
(Investment in China) From a consumer hotspot to a source of global innovation, L’Oréal continues to increase its investment in China
Business·

(Investment in China) From a consumer hotspot to a source of global innovation, L’Oréal continues to increase its investment in China

Agon, chairman of L'Oreal Group, said in an interview in Shanghai that Shanghai has become L'Oreal's world's number one innovation hub. He emphasized that the Chinese market is not only a sales center, but also a strategic partner for global innovation and sustainable development, and confirmed that L'Oréal will participate in the CIIE for the ninth consecutive year.

中国新闻网
3 min read