Photo taken on June 8, 2022 shows the bullet trains at a CRRC factory in Tangshan, Hebei province. (PHOTO: XINHUA)

Edited By WANG Xiaoxia

The annual Central Economic Work Conference was held in Beijing from December 15 to 16, as Chinese leaders reviewed the country's economic work in 2022 and decided on priorities for the economic work in 2023.

To pursue steady progress while ensuring economic stability, a proactive fiscal policy and prudent monetary policy will continue to be implemented next year. It is noted that various policies will form synergy for high-quality development.

In the fields of science and technology, China will carry out an array of national major projects, giving full play to the role of government in leading the work on making breakthroughs in key and core technologies, and highlighting the principal role of enterprises in technological innovation, said the conference.

Industrial policies should facilitate the transformation and upgrading of traditional industries and promote the growth of strategic emerging industries.

Meanwhile, China will accelerate the building of a modern industrial system, and pull resources to tackle the problems in key and core technologies.

Efforts will also be made to speed up the construction of a new energy system, enhance the global competitiveness of traditional industries, accelerate the research and application of cutting-edge technologies such as new energy, AI, biological manufacturing, green and low-carbon industries, and quantum computing, and vigorously develop the digital economy.

In addition, China will continue its pursuit of high-level opening up. The country will make greater efforts to attract and utilize foreign capital, widen market access, promote the opening-up of modern service industries, and grant foreign-funded enterprises national treatment, according to conference.

Furthermore, China will actively seek to join the high-standard economic and trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement.