Qiushi Journal Issue Preview: No. 5, 2025

General Secretary Xi Jinping’s article on properly handling several key relationships in economic work was published on Issue No. 5, 2025, Qiushi Journal. 

The article emphasizes that 2024 stands as a pivotal year for fulfilling the objectives set forth in the 14th Five-Year Plan (2021-2025). Building upon the encouraging progress secured in the past year despite extraordinary challenges, our analysis of current situation must adopt a dialectical perspective.

On the one hand, as the external environment is exerting an increasingly negative impact, our economy still faces considerable risks and challenges. On the other hand, the Chinese economy underpinned by a solid foundation continues to demonstrate strong resilience, tremendous potential, and multiple competitive advantages, as the fundamentals supporting its long-term growth are unchanged. 

The article points out that in practice, we have deepened our understanding of the laws underlying economic work. The broadest consensus reached within the entire Party is that the centralized, unified leadership of the CPC Central Committee is the fundamental guarantee for accomplishing work in the economic field. Thanks to the CPC Central Committee’s correct judgments and decisions at each critical juncture, our economy has continued to grow despite numerous difficulties. 

Economic work is complex and multifaceted, and there are five key relationships that must be properly handled, the article says.

First, it is essential to balance the relationship between an efficient market and an effective government, in a bid to create an economic order that is both dynamic and well-regulated. 

Second, the relationship between total supply and demand should be coordinated to ensure smooth economic circulation. 

Third, it is crucial to properly handle the relationship between cultivating new growth drivers and transforming traditional industries, so as to develop new quality productive forces tailored to local conditions.

Fourth, the article further emphasizes properly managing the relationship between optimizing incremental resources and making good use of existing resources, with a view to improving the efficiency of resource allocation.

Fifth, the relationship between quality improvements and scale expansion should also be optimized to strengthen the material underpinnings of Chinese modernization.

Readers will find in this issue an editorial piece inspired by Xi’s vision.

Han Wenxiu, Executive Deputy Director of the Office of the Central Commission for Financial and Economic Affairs and Director of the Office of the Central Leading Group for Rural Work, explains in his article that the five relationships to coordinate in economic work stand as exemplary models of the seamless integration of practical innovation and theoretical innovation in the economic domain.

The Qiushi commentary studies and expounds upon Xi’s speech at a consultative meeting with private entrepreneurs on February 17, 2025.

The working bodies of the CPC Central Commission for Discipline Inspection and the National Supervisory Commission offer a profound explanation of the speech made by General Secretary Xi Jinping at the fourth plenary session of the 20th CPC Central Commission for Discipline Inspection on January 6, 2025. 

The article by the United Front Work Department of the CPC Central Committee studies and expounds on Xi Jinping thought on conducting work related to the united front in the new era.

The Office of the Central Leading Group for Rural Work introduces China’s efforts in advancing rural revitalization by furthering reform in rural areas.

Yin Hong, Secretary of the CPC Jiangxi Provincial Committee, outlines Jiangxi’s initiatives in building a modern industrial system that embodies the province’s distinct features and strengths. 

The Legislative Affairs Commission of the Standing Committee of the National People’s Congress explains how to fully leverage the role of legislative outreach offices in collecting legislative opinions from the public.

Wang Changlin, Vice President and Member of the CPC Leadership Group of the Chinese Academy of Social Sciences, emphasizes the pivotal role of boosting consumption in expanding domestic demand.

Wang Yifang, Academician of the Chinese Academy of Sciences and Researcher at the Institute of High Energy Physics, introduces the construction and development of large-scale scientific facilities in his article. 

Ouyang Junxi, Professor at the School of Marxism, Tsinghua University, interprets the “second integration” from a historical perspective.  

This issue also includes a statistical chart on economic and social development released by the National Bureau of Statistics, offering readers basic information on industrial corporate enterprises from the fifth national economic census.

Editor: Yi Xiaowei