Long-term view on economy

President Xi Jinping called on Saturday for a long-term perspective to deal with the current difficulties, risks and challenges facing China's economy and to boost confidence in the country's development.

The country's huge economic potential is unchanged despite the challenges ahead, and the government has numerous policy tools to promote economic development, he said.

Xi emphasized that the country is committed to seeing that the market plays the decisive role in resource allocation and that the government plays its role better.

Xi, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks while joining political advisers from the economic sector at a panel discussion during the third session of the 13th National Committee of the Chinese People's Political Consultative Conference.

No specific target for GDP growth

One day earlier, while participating in a panel discussion with legislators from the Inner Mongolia autonomous region, Xi said abandoning this year's growth target is a realistic option in the face of uncertainty, and focusing on ensuring security in six areas, including employment and people's livelihoods, is in line with China's pursuit of a new development philosophy and a better life for its people.

The decline in GDP growth will be minimized as the nation concentrates on ensuring stability on "six fronts" and security in "six areas", but the focus should not be on safeguarding a specific GDP growth rate, Xi said.

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