CHINA-LEADERSHIP: MEASURES TO REVIVE ECONOMY
CCP CC General Secretary Xi Jinping chaired a meeting of the Politburo Standing Committee (PBSC) on April 8 when he told them that things in the rest of the world are really bad and that is bad for China. He was quoted by cpc.gov as saying“As the pandemic continues its global spread, the world economy faces mounting downside risk”; “China is facing rising pressure to guard against imported COVID-19 cases. New difficulties and challenges have emerged for China's work resumption and economic and social development”; and that “For the foreseeable future, [we should] prepare…to cope with changes to the external environment.” Xi Jinping also unveiled his two-front strategy., namely“[We will] insist on accelerating the full recovery of production and living conditions while normalizing epidemic prevention and control” and that Local officials are required to adjust their epidemic prevention measures in a timely manner based on local conditions and facilitate the resumption of work and production. The meeting also agreed to actively promote consumer spending and expedite construction of infrastructure projects.
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