Beijing issued 45 policies and measures to coordinate epidemic prevention and control and stabilize economic growth, Shanghai issued 50 policies and measures to promote economic recovery, and Shenzhen issued 30 policies to help enterprises and foster stronger market players. Recently, local governments have rolled out a series of policies and measures to deliver timely rain to market players and boost economic recovery.

Epidemic prevention and control is a matter of national importance, and economic work bears on overall development. These instructions have strengthened confidence, provided guidance and pointed the way for further coordinating epidemic prevention and control with economic and social development. To "promote the steady and sound economic development as much as possible", we need to ring and work hard to surmount difficulties and calmly respond to the new downward pressure on the economy so that the ship of the Chinese economy will rise to the challenge and brave the waves.

Since the beginning of this year, the complexity, severity and uncertainties of China's economic development environment have increased, and new challenges have emerged to keep growth, employment and prices stable. We have given top priority to ensuring stable growth and made progress while ensuring stability, and effectively coordinated epidemic prevention and control with economic and social development to promote steady and sound economic development. On the one hand, we intensified macro-policy adjustment to keep the basic fundamentals of economic and social development stable to the greatest extent. In May, the year-on-year growth rate of industrial added value above designated size turned from negative to positive to 0.7%, and the year-on-year growth rate of total import and export of goods was 9.5 percentage points faster than that of the previous month. On the one hand, we will unswervingly pursue high-quality development, spare no effort to expand domestic demand, strengthen infrastructure development in an all-round way, and stabilize and expand employment.

The epidemic is a big test. Only when the epidemic is contained can the economy be stable, people's lives be secure, and economic and social development be stable and sound. We must balance epidemic prevention and control with economic and social development. We are committed to putting people and life first, preventing imports from abroad and backlash from within, and dynamically eliminating zero, thus protecting people's lives and health to the greatest extent possible. We have optimized prevention and control measures and effectively implemented macro policies in response to the changing circumstances. The results of these policies are gradually showing signs of positive changes in economic performance. At present, the epidemic has not bottomed out, and there is still great pressure to prevent imported cases and rebound at home. We need to make vigorous efforts to zero out the epidemic, enhance scientific and targeted prevention and control capabilities, and take solid and meticulous measures to minimize the impact of the epidemic on economic and social development, so as to create favorable conditions for steady and sound economic development.

Self-reliance in science and technology is the foundation for national prosperity and security. Since the beginning of this year, the Hualong One demonstration project has been fully completed and put into operation, the Manned spaceship Shenzhou XIV has been sent to China's "spaceport", the integration of innovation and industrial chains has accelerated, and the value-added of high-tech manufacturing has maintained double-digit growth. The pace of scientific and technological innovation in China is accelerating. Looking to the future, further development depends on innovation. Must be complete, accurate, comprehensive implementation of new development concept, further implement the strategy of innovation driven development, firmly grasp the lifeblood of science and technology in our own hands, and make greater progress in science and technology support and, enhance the independence, autonomy, security, development in our country, more new technology and new industries, and open up new areas of economic development the new track, form the new international competition advantage.

To prevent the epidemic, stabilize the economy and ensure safe development are the explicit requirements of the CPC Central Committee. No matter how the international landscape may evolve, we must remain committed to doing our own work well, increase our sense of urgency, and accelerate economic recovery with solid and effective work. To consolidate the momentum of economic recovery, we need to seize the time window and focus on range-based regulation. We need to resolutely step up efforts to ensure economic stability and use all of our policies to the full without creating excessive money or overdrawing the future. We need to work hard to ensure market entities create jobs, stabilize prices, and stabilize the broader macroeconomic market. Only in this way can we better protect market entities, stabilize employment, and ensure people's well-being.

Yong resolute, long wind miles. Despite profound and complex changes in the international and domestic landscape, the fundamentals of China's economy, which is characterized by strong potential, resilience, vitality, ample room for maneuver, and multiple policy tools, remain unchanged. China's multifaceted advantages and conditions for development remain unchanged. We will face up to the difficulties with firm confidence, carry forward the historical initiative, rise to the difficulties, dare to fight, forge ahead and work hard. We will be able to balance epidemic prevention and control with economic and social development, promote steady and sound development of the Chinese economy and embrace a brighter future.

Source: State-owned Assets And Administration Commission of The State Council