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The Third Plenary Session of the 20th CPC Central Committee: Implement measures to prevent and resolve real estate risks

2024-07-18

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On July 18, the communiqué of the Third Plenary Session of the 20th Central Committee of the Communist Party of China was released. Among them, the content related to real estate and new urbanization development rarely appeared in the communiqué.
The plenary session pointed out thatWe must coordinate development and security, and implement various measures to prevent and resolve risks in key areas such as real estate, local government debt, and small and medium-sized financial institutions.We must strictly implement safety production responsibilities, improve natural disaster monitoring, prevention and control measures, especially flood disasters, weave a tight network of social security risk prevention and control, and effectively maintain social stability. We must strengthen public opinion guidance and effectively prevent and resolve ideological risks. We must effectively respond to external risks and challenges, lead global governance, and actively create a favorable external environment.
The plenary session pointed out that the integrated development of urban and rural areas is an inevitable requirement for China's modernization. It is necessary to coordinate new industrialization, new urbanization and comprehensive rural revitalization, comprehensively improve the integration level of urban and rural planning, construction and governance, promote equal exchange and two-way flow of urban and rural factors, narrow the gap between urban and rural areas, and promote the common prosperity and development of urban and rural areas.We must improve the institutional mechanisms for promoting new urbanization, consolidate and improve the basic rural management system, improve the support system for strengthening, benefiting and enriching farmers, and deepen land system reform.
On-duty editor: Su Zhiyong
Editors: He Kexin, Wen Hongmei
Review: Dai Shichao

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