The Political Bureau of the Central Committee of the Party (CPC) of China held a meeting and decided to convene the Fourth Plenary Session of the 20th Central Committee of CPC in Beijing this October.

The session will study recommendations for the 15th Five-Year Plan for National Economic and Social Development, analyze the current economic situation, and discuss economic work. The meeting will be chaired by President Xi Jinping.

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The meeting pointed out that macro policies should continue to exert force and be strengthened at appropriate times. More proactive fiscal policies and moderately loose monetary policies should be implemented to fully release policy effects. The issuance and use of government bonds should be accelerated to improve the efficiency of fund utilization.

It is essential to effectively release the potential of domestic demand, deeply implement special actions to boost consumption, expand commodity consumption while incubating new growth points for service consumption, and expand consumption demand while ensuring and improving people's livelihood.

The meeting emphasized the need to effectively release domestic demand potential. Special actions to boost consumption should be deeply implemented, expanding commodity consumption while cultivating new growth points for service consumption, and expanding consumption demand while ensuring and improving people's livelihood.

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