The Communist Party of China on the 8th (local time) called for the continued push to expand domestic demand. China's economic policy stance for next year is expected to be finalized at the Central Economic Work Conference to be held soon, based on the results of the discussions that day.
According to Xinhua News Agency on the 8th, President Xi Jinping (general secretary of the Communist Party of China Central Committee) presided over a meeting of the Politburo that day. Presenting an analysis of next year's policy direction, the meeting said it would adhere to "high-quality development" and "seeking progress while maintaining stability."
The meeting, in particular, emphasized domestic-demand-led economic growth, saying, "We must build a strong domestic market." It also said, "Develop new-quality productive forces in line with local conditions and deepen the building of a unified national market," and "Prevent and defuse risk factors (including local government liability), and work to stabilize employment, corporations, markets, and expectations so the economy can achieve qualitatively effective growth and quantitatively reasonable growth."
In addition, with the year-end approaching, the meeting called for ensuring the supply of consumer essentials and paying attention to resolving the problems of overdue payments to corporations and unpaid wages for migrant workers (laborers who moved from rural areas to cities in search of jobs).