June 6, 2024

China's top political advisory body on Thursday closed the seventh session of its standing committee in Beijing, which focused on consultations and discussions on building a high-level socialist market economy in its two-and-a-half-day agenda.

During the seventh session of the Standing Committee of the 14th Chinese People's Political Consultative Conference (CPPCC) National Committee, suggestions were made in promoting market-oriented reforms, rule of law, opening-up, financial and tax system reforms, technology innovation, and supporting private firms in exploring new areas among others.

It has provided a clear road map for further boosting China's high-quality economic development and addressed areas where more efforts are needed. With recent improvements in economic data and combined policy efforts, China is on track to achieve growth goals, high quality development and be more resilient against external complexity, experts said.

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