A recent meeting of the Political Bureau of the CPC Central Committee stressed that "we will intensify macro-policy adjustment, stabilize the economy, strive to achieve the economic and social development targets for the year, and keep the economy operating within a reasonable range". To keep the economy operating within an appropriate range is an important requirement for the Party's economic leadership. It is to bring the economy back to the normal track in the face of unexpected factors, put the foundation of "stability" more firmly and generate more momentum for "progress", and achieve steady and long-term economic and social development.

Keeping the economy operating within an appropriate range is of Paramount importance. Since the beginning of this year, downward pressure on the Chinese economy has continued to increase, especially since the second quarter of this year, imported inflationary pressure has continued to increase, and the "triple pressure" has become more prominent. Keeping the economy operating within an appropriate range is of great significance to mitigating the impact of economic cycle fluctuations and achieving sustained and sound economic development. Will help stabilize market expectations. The proper range of economic performance is an important window for market players to observe the performance of the macroeconomic situation, which helps to deal with difficult problems and boost market confidence. It will help protect the bottom line of people's livelihood. Keeping the economy operating within a reasonable range will help maintain the stability of China's industrial chain and supply chain, realize stable supply and price of important people's livelihood commodities, promote stability and expand employment, and ensure the stability of people's livelihood, people's hearts and society. It is beneficial to play the role of macro - control and early warning. We will keep the economy operating within an appropriate range, set an early warning line for macroeconomic performance, and prevent major fluctuations or deviations in major macroeconomic indicators.

Profound and complex changes have taken place in the current international domestic situation, China's economy faces, supply shocks, expected weaker demand contraction triple pressure, at the same time superposition domestic outbreak, more frequent and international geopolitical crisis intensified than expected challenges, such as employment, ensuring people's well-being, economic toughness increasing difficulty, must be more strong sense of urgency to keep the economy running within a reasonable range.

We will give greater priority to keeping employment and prices stable. To keep the economy operating within a proper range, an important target is to keep employment and prices stable. Employment is essential to people's wellbeing and social stability, and it is a key support for economic performance to be kept within an appropriate range. We need to strengthen employment as a priority, promote comprehensive and systematic coordination of social policies in all areas to ensure stable employment, achieve a sound interaction between employment and economic and social development, and strive to stabilize and promote employment. We will vigorously promote entrepreneurship to generate employment, improve policies on flexible employment, encourage key groups to engage in self-employment, and attach importance to the development of employment-oriented infrastructure. Keeping overall prices stable is an important basis for keeping the economy operating within an appropriate range. We will focus on ensuring market supply and basically stable prices of important commodities for people's wellbeing, make precise adjustments and regulation to ensure that these commodities do not run out of stock or experience sharp price increases, and that the target set for overall price regulation is achieved. We will ensure the supply and stable price of agricultural products, especially special varieties, increase the production and supply capacity of domestic agricultural products, enhance the production and guarantee capacity of domestic resources, improve the national strategic material reserve system, and ensure a secure and stable supply of food and energy.

Policies should form synergy and take the lead. Various policy should cooperate together, play "combination", to further promote the macro policies and micro policy, fiscal policy and monetary policy, stable industry chain supply chain, promote consumption and effective investment, energy security, protect the basic livelihood of the people aspects of policy integration effect, fully release steady policy of economic operation of the resultant force. To keep the economy operating within a proper range, it is more urgent to provide timely assistance to the economy than to provide "icing on the cake". Policies should be planned, distributed, delivered and delivered as soon as possible. We will give overall consideration to short-term economic fluctuations and medium - to long-term economic growth, and integrate cross-cyclical and countercyclical macro-control policies. We will put in place policies that have already been introduced as soon as possible, and make sure that those that are to be introduced are as early as possible so as to have a greater impact. In particular, we will detail and announce a package of measures to keep the economy operating within a proper range, so as to ensure that policies written in black and white are translated into real money that can be seen and felt.

Source: State-owned Assets Supervision and Administration Commission of the State Council