I ran it through a different translator because all Chinese translators suck so maybe we can piece it together better:

Entering a new stage of development, China's development of the internal and external environment has undergone profound changes, facing many new major issues that need to be properly understood and grasped. Here, I focus on a few issues.

The first issue: the correct understanding and grasp of the strategic goals and practical ways to achieve common wealth. "The nation that is called wealthy cares about the wealth of the people." The creation and distribution of wealth is a major issue that all countries face. Some Western countries have a long-standing disparity between rich and poor and polarization while social wealth is growing. Some Latin American countries do not have high income, but the distribution gap is huge. Under our socialist system, we must not only continue to liberate and develop the social productive forces, create and accumulate social wealth, but also prevent polarization, and effectively promote the all-round development of people and the common prosperity of all people to make more obvious and substantial progress. In the past, we were egalitarian at the low-income level, and after reform and opening up, some regions and people got rich first, while the income gap also gradually widened, and some inappropriate gathering of wealth brought risks and challenges to the healthy operation of the economy and society.

Common prosperity is the essential requirement of socialism with Chinese characteristics. How should the path of common prosperity be taken? We are exploring it. To achieve the goal of common prosperity, we must first make the " pie" bigger and better through the common struggle of the whole nation, and then properly handle the relationship between growth and distribution through reasonable institutional arrangements, so as to cut and divide the " pie" properly. This is a long-term historical process, we have to create conditions, improve the system, and steadily move towards this goal.

To promote high-quality development in the strengthening of employment priority orientation. Employment is the foundation of people's livelihood. To improve the employment impetus of economic growth, and constantly promote the expansion of employment and quality improvement. We should support the development of small and medium-sized enterprises and give full play to their role as the main channel of employment. To learn from the lessons of some Western countries' economic "de-realization", we should continue to grow the real economy and create more high-quality jobs. To increase investment in human capital, improve the quality of education, strengthen vocational education and skills training, improve the quality of the workforce, better adapt to the needs of high-quality development, and effectively prevent the risk of large-scale unemployment.

To play the function and role of distribution. To deal with the relationship between efficiency and fairness, and build a basic institutional arrangement for the coordination of the primary distribution, redistribution and three distributions. To adhere to the distribution of labor as the main body, increase the proportion of labor compensation in the initial distribution, and improve the policy of distribution according to factors. We should play the regulating role of redistribution, increase the regulation of taxation, social security and transfer payments, and improve the precision. To play a good role in the third distribution, guide, support the willingness and ability of enterprises and social groups to actively participate in public charity, but not to engage in moral kidnapping type "forced to donate".

To improve the public service policy and institutional systems. To promote common prosperity, not to engage in "welfarism" that way. When some Latin American countries engaged in populism, high welfare to support a number of "lazy" and unproductive people, the results of the national financial burden, falling into the "middle-income trap", long-term can not extricate themselves. Welfare benefits will not come down once they go up, and "welfarism" that exceeds capacity is unsustainable and will certainly bring serious economic and political problems! We must insist on doing our best and living within our capabilities, focusing on improving the quality of public services, providing essential public services with precision in the areas of education, healthcare, pensions, housing and other areas of greatest concern to the people, and holding the fundamental living floor for the needy, without dangling high appetites or making empty promises.

The second issue: correctly understand and grasp the characteristics of capital and the laws of behavior. Marx and Engels did not envision that a market economy could be engaged in under socialist conditions, and certainly could not foresee how a socialist country might deal with capital. Although Lenin and Stalin led the socialist construction of the Soviet Union, at that time the Soviet Union practiced a highly centralized planned economic system and basically did not encounter the large-scale capital issue. Engaging in a socialist market economy is a great innovation of our Party. Since it is a socialist market economy, it is bound to produce various modes of capital. Capital in a capitalist society and capital in a socialist society are certainly different in many ways, but capital is all about chasing profits. "The one who unites all the world's wealth is wealthy, and the one who manages all the world's wealth is the law." We have to explore how to leverage the positive effects of capital under the conditions of the socialist market economy, while effectively controlling the negative effects of capital. In recent years, due to insufficient understanding and lack of supervision, some areas in China have seen disorderly expansion of capital, reckless manipulation and profiteering. This requires the control of the behaviour of capital, to avoid harm, not only to prevent "capital predators" from acting freely, but also to develop the role of capital as a factor of production. This is an inescapable major political and economic problem.

In practice, the following points should be taken care of. To set the " red and green lights " for capital. The " red and green lights " apply to all vehicles on the road, treating capital is also the same, all kinds of capital can not run rampant. We need to prevent some of the capital from growing wildly. We must fight against monopoly, profiteering, sky-high prices, malicious speculation and unfair competition. We must strengthen the effective supervision of capital in accordance with the law. The socialist market economy is a law-based economy, and capital activities should be conducted in accordance with the law. Checking the disorderly expansion of capital, it is not to do without capital, but rather to the organized development of capital. Laws and regulations are unsound to hurry to improve, there are laws and regulations to strictly enforce supervision. We must support and guide the standardized and healthy development of capital. We must adhere to and improve the basic socialist economic system, unswervingly consolidate and develop the public sector economy, unswervingly encourage, support and guide the development of the non-public sector economy, and promote the healthy development of the non-public sector economy and the healthy growth of the non-public sector economy.

The third issue: the correct understanding and grasp of the security of supply of primary products. For a large country like ours, securing a good supply of primary products is a major strategic issue. We must strengthen strategic planning and make early adjustments to ensure security of supply.

We must adhere to the priority of saving. " What is taken with a system, measured by the use of the abundant, no system, measured by the use of the lack of." We must implement a comprehensive conservation strategy and promote conservation actions in all areas. In the area of production, we must promote comprehensive conservation of resources, intensive, recycling, reduce energy consumption per unit of product material consumption, accelerate the technological transformation of manufacturing industries, and improve input and output efficiency. In the field of consumption, to enhance national awareness of conservation, advocate simple and moderate, green and low-carbon lifestyle, oppose extravagant waste and excessive consumption, in-depth "CD-ROM" and other food conservation actions, and widely carry out the creation of green organs, green families, green communities, green travel and other actions.

To enhance domestic resource production security capacity. To increase exploration efforts, the implementation of a new round of strategic action to find a breakthrough in mining, improve the level of development and protection of marine resources, mineral resources. To clarify the strategic bottom line of self-sufficiency in domestic production of important energy resources, play the role of state-owned enterprises to support the bottom, accelerate the application of advanced mining technology development of oil and gas and other resources. To strengthen the construction of the national strategic material reserve system, in critical moments to play a regulating role in the bottom line. To promote waste classification and resource recovery, expand the use of domestic solid waste, and accelerate the construction of waste recycling system.