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.
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

