Li Qiang presided over the twelfth plenary session of the State Council, emphasizing the need to thoroughly implement the decisions and deployments of the Central Committee, and to strive to achieve the annual goals and tasks for economic and social development.

On August 17, Premier Li Qiang presided over the twelfth plenary meeting of the State Council, where he deeply studied and implemented General Secretary Xi Jinping's important speech on the current economic situation and economic work. He emphasized the need to unify thoughts and actions with the Party Central Committee's scientific judgment and decision-making arrangements regarding the situation, solidly carry out all tasks, and strive to achieve the annual goals and tasks for economic and social development, ensuring a good start for the 14th Five-Year Plan. Li Qiang pointed out that since the beginning of this year, under the strong leadership of the Party Central Committee, with Xi Jinping as the core, and with joint efforts from all sides, the overall operation of China's economy has remained stable, showing progress amidst stability, with a development trend shifting towards new momentum and optimized structure, demonstrating strong resilience and vitality. At the same time, it is essential to be aware that the issue of insufficient domestic demand remains prominent, difficulties are increasing for some industries and enterprises, and uncertainties in the external environment are rising. It is important to anchor the development goals, fully leverage the efficiency of existing policies, and timely plan and introduce practical and effective incremental policies, removing various bottlenecks and obstacles to promote sustainable and favorable economic development towards new and optimized directions.