By South China Morning Post | Created at 2024-09-27 13:02:48 | Updated at 2024-09-30 11:43:20
2 days ago
China’s leaders are again seeking to rally risk-averse cadres to the cause of decisive economic action by stressing the need to “get things done” and its tolerance of mistakes in a policy known as the “three exempts”.
The Politburo, the ruling Communist Party’s inner circle, signalled the renewed political commitment in a statement after a meeting on Thursday to, in part, address the lack of action among many officials to help revive the economy.
“Party members and officials are urged to take responsibility and be willing to innovate, using challenges as opportunities to grow and achieve results,” state news agency Xinhua quoted the Politburo as saying.
“The ‘three exempts’ framework must be effectively applied to support those who take on responsibilities and get things done. Major economic provinces should be encouraged to take the lead and play a greater role in driving the economy forward.”
The meeting came a day after financial authorities unveiled a series of sweeping stimulus measures and in the lead-up to National Day celebrations, underscoring Beijing’s desire to prop up growth over other priorities.
