In an unusually candid message conveyed through the country's controlled media, it is stated that more "focus and efficiency" are required going forward.
"Certain new situations and problems have arisen in the current management of the economy," writes the news agency New China (Xinhua).
"We must address people's concerns," it continues, regarding housing policy measures, interest rates, and the need for a "new model" for the real estate market.
Measures are also promised to improve elderly care and childcare.
Earlier this week, the government in Beijing announced several drastic measures to revitalize an economy that has not yet fully recovered from the covid pandemic. A long-standing debt crisis in the real estate sector and high youth unemployment persist.
The political leadership is considering injecting a multi-billion kronor amount into the state-owned major banks, reports the news agency Bloomberg. Such a measure has not been taken in China since the financial crisis of 2008.
The powerful Political Bureau of the Party State consists of 24 members under the chairmanship of Xi Jinping, who also leads the Bureau's even more powerful Standing Committee.
