Beijing keeps focus on security, corruption and ‘worst-case scenarios’
- Politburo calls for ‘effective measures to prevent and defuse major risks’ during meeting to review inspections of SOEs
- Analyst says Xi Jinping’s priorities haven’t changed, with anti-graft campaign ‘a whip to spur cadres to move forward in his direction’
“It is crucial to coordinate both development and security, establish bottom-line thinking to deal with worst-case and extreme-case scenarios, take effective measures to prevent and defuse major risks, and firmly maintain the bottom line of safety,” according to a readout of Wednesday’s meeting from official news agency Xinhua.
On Wednesday, the Politburo – the party’s top decision-making body – called for a further consolidation of political loyalty and for stronger control by the party. It also urged more support for state-owned enterprises and called on financial institutions to boost support for the real economy.
The Politburo said the recent inspections had proven to be “an effective method to identify and solve problems”. It said such inspections and any follow-up action to tackle problems should be seen as a way for the organisations to strengthen their loyalty to the party leadership, according to Xinhua. The organisations were urged to “conscientiously” fulfil any duties and obligations they were tasked with.
In addition, the Politburo said the inspections would be an effective way to improve the SOEs so that they carried out key functions better and were more competitive, and to ensure that financial enterprises better served the real economy and national strategies.