Full Text: People’s Daily Editorial on Setting Up ‘Traffic Lights’ for Capital Expansion

“It should be noticed that preventing the unchecked growth of capital does not mean we must do away with capital,” the People’s Daily said in an editorial. Photo: VCG

Editor’s note: People’s Daily, the official newspaper of the Communist Party of China, published an editorial Tuesday entitled ‘Understanding the Characteristics of Capital and Its Behavioral Pattern.’ Here’s a translation of the article.

The five major theoretical and practical issues raised at the annual Central Economic Work Conference (CEWC) are global, strategic and forward-looking issues that matter to the cause of the Communist Party of China (CPC) and the state. They play a significant guiding role in implementing the new development philosophy in a complete, accurate and comprehensive manner, accelerating the building of a new development paradigm and promoting high-quality development in the new development stage. One important issue is to “understand the characteristics of capital and its behavioral pattern.”