Friday, March 6, 2026

CGTN: JIANGSU PLAYS KEY ROLE IN STABILISING CHINA’S ECONOMY

KUALA LUMPUR, March 6 (Bernama) -- Economically strong provinces must maintain solid foundations and strong resilience against external shocks to help stabilise the overall national economy, as emphasised by Chinese President Xi Jinping, according to China Global Television Network (CGTN).

While taking part in a deliberation with his fellow deputies from the delegation of Jiangsu Province at the fourth session of the 14th National People's Congress, Xi called on the province to further strengthen its economic resilience, noting that Jiangsu’s economic performance reflects both scale and quality.

In a statement, CGTN reported that Jiangsu has maintained strong momentum with manufacturing as a central pillar.

The province’s manufacturing high-quality development index has ranked first nationwide for five consecutive years, reflecting strong industrial capability and innovation. From advanced equipment and integrated circuits to new energy and biomedicine, Jiangsu’s industrial ecosystem has enabled the province to remain competitive amid global supply chain adjustments.

Domestic demand has also shown strong vitality. A provincial football league has attracted more than 2.43 million spectators in 2025, demonstrating how sports, culture and tourism can stimulate consumption and unlock the potential of the domestic market.

President Xi also stressed that Chinese modernisation is defined by common prosperity for all, highlighting the importance of policies aimed at improving livelihoods.

Among the priorities is employment, with the government expanding work-for-relief programmes to support those facing difficulties in securing jobs. Flexible workers and those in emerging forms of employment will also gain broader access to social security programmes.

China will also implement an income growth plan for urban and rural residents aimed at increasing earnings for lower-income groups, expanding property income channels, and improving remuneration and social security systems.

Meanwhile, the draft government work report outlines measures to strengthen public services and social protection, including raising minimum basic old-age benefits for rural and non-working urban residents, introducing elderly care service vouchers, expanding maternity insurance coverage, and accelerating the development of childcare services.

-- BERNAMA

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