[Xi Jinping: Properly Handle the Relationship Between Consumption and Investment, Demand and Supply; Make Domestic Demand the Main Driving Force of Economic Development] A seminar for principal provincial and ministerial-level leading cadres on studying and implementing the spirit of the Fourth Plenary Session of the 20th CPC Central Committee opened on the morning of the 20th at the Central Party School (National Academy of Governance). Xi Jinping, General Secretary of the CPC Central Committee, President of the People's Republic of China, and Chairman of the Central Military Commission, delivered an important speech at the opening ceremony, emphasizing the need to continuously deepen the study and implementation of the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, better unify thinking and pool strength, and solidly carry out all tasks under the strong leadership of the CPC Central Committee, striving to achieve a good start to the "15th Five-Year Plan." Xi Jinping pointed out that my country has a large population, a large market, a complete industrial structure, and strong development momentum, and has the conditions to accelerate the construction of a new development pattern. We must adhere to the domestic cycle as the mainstay, correctly handle the relationship between consumption and investment, demand and supply, and adhere to the close integration of benefiting people's livelihoods and promoting consumption, and investing in goods and people, striving to improve the quality and efficiency of the national economic cycle, making domestic demand the main driving force of economic development. We must enhance the autonomy of expanding high-level opening-up by strengthening the domestic cycle, and enhance the vitality of domestic reform and development by expanding the international cycle, striving to achieve interconnection and mutual promotion between domestic and international markets.
