The Chinese People's Political Consultative Conference (CPPCC) National Committee held a symposium on Oct 28 to analyze the country's macro economy in the third quarter of the year, focusing on strengthening the momentum of economic recovery and improvement.

CPPCC National Committee Vice-Chairman Wang Yong addressed the meeting.

Officials from the National Bureau of Statistics provided an overview of the country's economic performance in the third quarter of 2025, representatives from the All-China Federation of Industry and Commerce provided an update on the development of private enterprises, and the National Development and Reform Commission provided written materials on relevant issues. CPPCC National Committee members joined the discussions.

It was agreed that China has made progress in economic performance in the 14th Five-Year Plan (2021-25) period, especially this year, while ensuring stability amid pressures, demonstrating strong resilience and vitality, and achieving high-quality development.

It was agreed that the fundamentals and favorable conditions of China's economy remain unchanged. Given that domestic and international development environments have seen profound and complicated changes, the CPPCC members suggested identifying risks and challenges in development while fully understanding the current economic situation.

It was stressed that more efforts should be made to implement the guiding principles of the fourth plenary session of the 20th Central Committee of the Communist Party of China, so as to achieve the aims and tasks of social and economic development set forth in the 15th Five-Year Plan (2026-30).

The CPPCC members also highlighted efforts to strengthen the consistency assessment of macro policies and expand domestic demand based on people's needs.

They stated that the construction of the unified national market should be promoted and reforms in the financial and capital markets should be advanced.

The CPPCC members stressed that technological and industrial innovation should be deeply integrated to form synergy for high-quality development.

Representatives from the National Development and Reform Commission, the Ministry of Finance, and the People's Bank of China were present and engaged in discussions with the CPPCC members.